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Technology Stocks : eLec Communications Corp. (ELEC) -- Ignore unavailable to you. Want to Upgrade?

To: GARY P GROBBEL who wrote (8)	12/21/1998 6:07:00 PM
From: Arizona997	Read Replies (2) \| Respond to of 330

On the surface it looked like a depressing day for SIRC. Let's look at what all this likely means. Friday we had huge volume, almost 20 times average daily volume with no real accompanying surge in price. Believe it or not that was a very bullish sign... an indicator that buyers are stronger than sellers, and once the last of the sellers are taken out, the price will take off. Today, we had a decline in price on relatively low volume... again likely just a sign that weak holders are being taken out. I'm optimistic that what we have here is a bullish scenario, and that we're moving up in a big way soon. Gary G