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Strategies & Market Trends : FAMILY GOLF CENTERS (FGCI)-Expensive!! -- Ignore unavailable to you. Want to Upgrade?


To: Marty Rubin who wrote (77)2/18/1999 11:07:00 PM
From: Dave Twibell  Read Replies (2) | Respond to of 87
 
More selling today by OPCO, JEFF and someone selling through INCA. All lifted at the end of the day and we had a nice upward move into the close. Seems like the same pattern the last couple of days - gap up at the open, then consistent selling by institutions until the last hour or so of trading when the big sellers lift and the price moves higher into the close. I agree that with the low float, the institutions have to be about done. Once they close their positions the stock should move higher since there should be almost no resistance once we clear 8 or so. Would be real nice to see the market turn positive about now.

Dave