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To: David Sirk who wrote (150)12/4/1998 3:04:00 PM
From: Roman S.  Respond to of 1322
 
If the public float (not the total outstanding shares) is around 80 million, give or take 10%, then about 1/4 of the float has been traded. On that last run to .21, maybe the 3 day volume was about 10 mil ? That's what keeps me here. So many large block buys at ask early in the day, they walk it down, get a little selling going on, but nowhere near what they need it to be in order to square their books. IMHO, the dealers game plan is to be 'even' on the stock before they can let it run, otherwise they are taking a big hit.

Any comments ? (and you can skip the wise ones:)