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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: MikeD who wrote (23919)12/4/1998 4:28:00 PM
From: Alski  Read Replies (1) | Respond to of 79324
 
Mike,
Yes, inquiring minds want to know what's going on with ELGT, but you posted too soon. Did you see the big volume in the last half hour yet? 72K shares in just one half hour (20K shares is average daily volume)! Now it's up more like 285% for the week! Really messed up the chart<G> Could that be a technical move? Looks like a news leak to me.
Alski



To: MikeD who wrote (23919)12/4/1998 7:05:00 PM
From: Cube  Read Replies (3) | Respond to of 79324
 
Mike,

Something is up, no possible way this moves 100% on this volume without something going on. At first I thought it might be a short squeeze, but since this stock has never been above 5 for so long, it is not marginable and therefore not shortable. Something is definitely up. What sayeth the seer, sage, and southsayer Doug??

Cube


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