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To: Jim Bishop who wrote (4050)1/20/1999 11:09:00 AM
From: The Devil Dog  Read Replies (1) | Respond to of 6545
 
Still have all of mine!

Best regards

WB



To: Jim Bishop who wrote (4050)1/20/1999 11:32:00 AM
From: tk715  Read Replies (1) | Respond to of 6545
 
This is simple case of the MMs balancing their books. Look at the price action. The bid ask was quickly lowered this morning from 2.8 to 2.4 on very little volume. At 2.4 they started picking up lots of shares and stablized the price. Because of the recent runnup, they were clearly short and are now shaking the trees to scare the weak hands and balance the books. As soon as the volume dries up and they acquire enough shares, the price will bottom out. Then we will continue the assualt on the $3 resistence level. Once it breaks through $3, we should see good upward movement. We could use a good PR in the next week to drive it through $3.

Just my opinion
Gene