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

To: SteveDavis who wrote (6351)	1/27/1999 9:35:00 PM
From: Cookie Monster	Read Replies (2) \| Respond to of 56535

Hey everyone....still working on CITN. I know the Snerd got scared away today....but CITN did come back, just as I thought it would. Here is some recent trading history.....and some reasons why this stock will go. CITADEL TECHNOLOGY INC (OTC-BB: CITN) Time: 3:53PM Date Close Change Day High Day Low Volume Jan 27 1 11/16 + 3/16 +12.47% 1 11/16 1 19/32 461,900 Jan 26 1 1/2 + 3/16 +14.33% 1 23/32 1 3/8 934,700 Jan 25 1 5/16 - 3/16 -12.53% 1 1/2 1 5/16 255,200 Jan 22 1 1/2 - 1/16 -3.97% 1 9/16 1 13/32 263,200 Jan 21 1 9/16 - 1/16 -3.88% 1 11/16 1 7/16 285,800 1)The stock traded 3X normal volume on Tuesday. Good sign of early week set up for a promotion. The promoters, company etc....all whisper to their friends to get in before they run the stock. Too many people get in and it trades 900,000+ shares, but the market makers hold the price down so the play doesn't get ahead of itself. 2)Today. Those who waited to get in are now in the play. They help double the daily volume. Now the stock is pretty much set for the promoters and MMs to do their thing. If you notice, 1.4 million shares traded in the last two days. Most of this is now in "freindly" hands, and now will not be available on the market.....on to Phase III! 3)Phase III should kick in either late this week or Monday. The next phase will see heavy promotion to non-insiders, usually centered around some piece of great news (such as the IPO spinnoff announcement). My guess is that more news will come out of this company Friday or Monday. By then the MMs and promoters will have it trading at around $3.50-$4, becuase they have been able to tighten the float (somewhat artificially) and move the stock on news. So.....any comments on my Sesame Street based theories :) Later, CM