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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: StkProfit$ who wrote (967)	1/27/1999 4:54:00 PM
From: P.E. Allen	Respond to of 52051

StkProfits, earlier I mentioned that there was a gap at forty cents. Not only did the stock retrace forty but it went to .18. With the rumor that the news is going to be delayed until next week, (an the news was posted at around 3:00, that is when this hold thing started to fall apart. MM's read the news also. Now they have a couple more days to balance their inventory and fuc;, with investors and get cheap shares to sell. I watch the last hour of trading on GMCH tick by tick. About three million shares brought the price from around fifty cents to eighteen cents back to thirty some cents. You go figure who is in the driver seat.