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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Woody who wrote (26180)2/3/1999 2:40:00 PM
From: ivan solotaroff  Read Replies (1) | Respond to of 79292
 
UC

Woody,

Great find. True it's not a cat, but it could well wind up being an Este-cat, so named for my former cathouse partner: A stock that doesn't gap 30%, but does gap, and subsequently closes 30% down for the day. The volume fits, and I don't think there's necessarily anything wrong with that scenario. I have a great fondness for sub-$1 cats these days, and three weeks from now this could well be fodder for a play.
Mind you: A) it's a finance company, and they're super-pernicious. AMMB, MMFNQ, MMGC, or AAM:

bigcharts.com

and B) They are saying there's a chance they're going out of business. As we've seen with SMTK and SHMN, that/delisting can happen overnight.

Ivan