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To: QuietWon who wrote (35105)12/28/1998 4:53:00 PM
From: Nescom  Read Replies (3) | Respond to of 119973
 
QuietWon,

GMGC was boxed most of the day by both NITE and MASH. Once they moved the stock moved up. Both are known as the AX for GMGC they have a lot of influence on the stocks behavior. Its just an instinct plus watching the trading. I am a firm believer this stock is under accumulation and creating a base. I do believe this guy will pop and we could see it make some nice gains. I bought the stock twice today.

I saw a lot of retail buying. What I mean by that is when Level II looks really bad and yet there was buying on the stock. They were stacked up on ASK side and only one maker on BID. Then I see a lot buys coming in at the ASK. Now thats retail buying and not daytraders buying into this stock. IMHO somebody thinks te know something. Saw the same kind of activity with AHWY before it popped. It was in single digits back then also. The stock is above $5 and now instituitions and brokers can do a rec on it. BTW GEND did behave this way on Christmas Eve before it gapped this morning. All in all I like the outfit and the stock.

Nescom out-