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To: John M. who wrote (983)2/23/1999 12:47:00 PM
From: J. Nelson  Read Replies (2) | Respond to of 2136
 
Intresting. From the 1 1/2 drop to 1 1/8th. the volume was very intresting (inside)

See someone wanted stock so they sold a panic drop from 1.50 to 1.125 on 106,200 shares after that the buying came in as the fear went up that all was lost. The old MM game of churn and sell. The buy back of cheep shares with a overhead hold on the issue caused selling from 1.125 back up to 1.50 of 172,100 shares give or take a few.
Someone picked up 65,900 cheep shares in the deal and let's say some was fliped so there was 50,000 not a bad way to make money for a skilled MM. Now the shares must bring more back as the issue move up and all the shares sold were bought at a lower average. This was a great example of how the stocks trade to get weak hands out before any move upward.

I see the 1 1/8th low was cancled out and is now 1 1/4 hmmm intresting things going on with some posters over the quarter to 1/8..
Also the trend is our friend so keep a eye on the tape volume as we move.

Regards, God Bless
Jim..

P.S. I was seeing also that the float is becoming very thin during these moves IMO. that's goood
Well do your own DD. pre investing as this was just my VHO on the tape.