To: PK who wrote (295 ) 2/20/1999 12:12:00 PM From: JP390 Read Replies (2) | Respond to
There was alot of buying yesterday. We were dropping off some of the people that had been holding from the lower levels, and we probably lost some more day traders that were upset that we were'nt at $5.00 yet. Yesterday morning was a classic MM move. If you noticed at the opening it was .27 x .29. I believe that there were two buys at .29, then they lowered the ask to .28, and the next buy looked like a sell. When people looked at it, it looked like we were going down on the news. Then it created a little panic selling down to .25. They could have run it lower if they wanted to and probably had some sellers. Now we have a base in the .27 to .28 range. This will change! So now I will start spouting off my price predictions: I have seen some being thrown around, so it's my turn...ha ha. Next week: Monday (w/out another release) we should move into the lower 30's. Tuesday through Friday (once everyone gets those warm and fuzzy feelings from the news), by the end of the week, we will be in the .60+ range. Then if we are expecting the deal to be closed around mid-March, we will see $1.50+ range near the beginning of the Month. Near mid-March, I see us reaching $5.00+. There will be shakeouts all along the way. Trust me on that!! They do it all the time. The strong hands win! There are other great things I have heard about on this stock, which if announced could screw up my predictions, but to the plus side, so that would be O.K....ha ha. Before you tell me that my predictions are full of &@#&, I will provide a link to a prediction I did about a month ago. I'm sure most of you played this one as well. The only thing I really missed on the one is that I was on the low side. Message 7222195 No one can be right all of the time...ha ha Sometimes on these stocks the writing is on the wall, you just have to stop to read it. Obviously the one I had done a month ago did'nt stabalize in the 2.00 range, but did hit $4...and that ain't bad!
