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Technology Stocks : BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ???? -- Ignore unavailable to you. Want to Upgrade?


To: Amir Feinsilber who wrote (643)1/6/1999 10:38:00 PM
From: Mr. Generic  Respond to of 1196
 
Official next earnings report out is due March 19th 1999, but BAMM may make a pre-release statement before that.

As to where it will go from here, I won't even attempt to guess.

The only thing that made any sense to me came off a post on the Yahoo board:
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"When a stock price suddenly spikes up with a great deal of trading volume during the trading hours with no "significant" released news, it almost always means that the big boys (institutional investors and Market Makers) with larger investing funds just learned or heard something that is favorable to BAMM through their reliable sources.

No small investors such as you and I can learn or hear any of the substantial or significant news that have not been released yet. We small investors could only learn after the favorable news are released in public, i.e. after the fact.

Daytraders are not that stupid to raise any particular stock price with no substantiated news - that is usually considered suicidal for daytraders with limited investing funds.

Possible reasons as to why the BAMM price went down after it reached 17 were that either those who were looking for a slight profit got out at their sole investing discretion or the daytraders / shorters shorted the BAMM stock for additional but small profits."
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Good luck to longs in the coming weeks.