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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Trader J who wrote (5536)1/21/1999 4:17:00 PM
From: Nicole Bourgault  Read Replies (1) | Respond to of 56535
 
I'm disappointed, look my SGI.



To: Trader J who wrote (5536)1/21/1999 4:25:00 PM
From: Shmar10  Read Replies (1) | Respond to of 56535
 
ALMI (s) Report

Closed 6 1/8 + 5/32

Over 1M shares traded today. 3 month ave vol is around 300K (I think) From what I've found out, in the past when this has happened, the price has spiked (most recently, in Nov, to 9) then settled back down slightly above pre-spike price. Others that have been following ALMI for year or more seem to think this is a good thing.

I don't think it dropped below 6 all day, which is unusual lately. The pattern has been to pop up on the open, the drop and hover around previous days close, and finish up slightly.

Other insight?

Shmar