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Technology Stocks : Open Market (OMKT) -- Ignore unavailable to you. Want to Upgrade?


To: marvin smith who wrote (711)11/27/1998 2:49:00 PM
From: Robert New  Read Replies (1) | Respond to of 2004
 
Funny that you guys had problems on confirmations on OMKT. I traded it all day and used only market orders and they came through timely and about where I expected them to be. I got lucky for once and actually sold at 24.5 for a nice gain on the day. I already have buy orders in for Monday as I think we'll see a continuation in the momentum in this issue...

Good trading to all....



To: marvin smith who wrote (711)11/28/1998 4:30:00 AM
From: Robert Rose  Read Replies (1) | Respond to of 2004
 
<Looks like we hit resistance around 25 and fell back going into the weekend. With the
volume the last 2 days I would think we would have more momentum. Any thoughts.
Marvin >

Given the stock's decline from 29 to 6 in a few months this year, it is amazing that it isn't facing more resistance on the way up. A lot of folks must have felt pretty burned to see their investments cut to a half, third or fourth. Some of those folks may just be happy to get out even, now that the stock is climbing.

Hence the incredible volume - lots of buying, but lots of selling. But still a lot more buying, hence the fabulous price appreciation.

In under 9 Wednesday AM and loving it! Even ebay took a couple weeks to do this! <G>