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Gold/Mining/Energy : Yogen Fruz IT'S ALIVE, IT'S ALIVE -- Ignore unavailable to you. Want to Upgrade?


To: lib who wrote (1241)3/8/1999 6:15:00 PM
From: Ward Nicholson  Respond to of 2453
 
lib:

Well, you know the old saying...

It takes buying to bid up stocks, but they fall on their own weight.

WN



To: lib who wrote (1241)3/8/1999 7:53:00 PM
From: Ward Nicholson  Respond to of 2453
 
For your info:

I can only count two or possibly three days in the last five to six
months where trading volume broke 500k...


Just for the hell of it I checked this out. Since the shareprice
plummeted below $9.00, volume has surpassed 500k on the following
days...

Sep 10
Sep 11
Sep 12
Sep 17
Nov 19
Dec 9
Jan 13
Jan 29
Feb 1
Feb 5

On some of these days, funds were definitely dumping YF.A.
It makes little difference though...I mean if your going to
claim that the drop from $9.00 on low volume is a bullish
signal I beg to differ with you.

WN



To: lib who wrote (1241)3/9/1999 7:50:00 AM
From: Stocker  Respond to of 2453
 
Re: volume has been consistently over 100k the last two or three months with a 60/40 buy/sell ratio. Wouldn't say that a lot of funds have been selling on this one, and nor would I rule out buying taking place as you are.

Over the last 3 months YF has fallen from around $4 to the current $3 level. There can be no such thing as a 60/40 buy/sell ratio when every trade consists of both one buyer and one seller. The buy/sell ratio is always 50/50. That said, I think what you are saying is that YF had more trades take place on an up tick than on a down tick. Still, I don't think that can be the case for YF - if it was, the stock would likely be higher than lower over the last 3 months.

Am I misreading you here???

As for volume, to me YF's drop on low volume means that the are a lot of YF shareholders who still own expensive stock at $6-7 plus (in fact the Integrated holders have $9 stock). Those shareholders may then in fact keep YF's share price pinned down for a long while - they might tend to use every jump in the stock as an opportunity to sell and take less of a loss. What YF really needs is a big blowout to the downside on heavy volume. This would clear out the selling pressure and remove the lid on the stock. Without a big sell off, it will take a really good piece of positive news and/or several quarters of strong results for the stock to move much higher than it is right now.