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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: garrick le who wrote (26948)3/11/1999 12:50:00 PM
From: ayahuasca  Read Replies (2) | Respond to of 120523
 
I got in XTON when they initially announced the elottery spinoff. The stock just doesnt move. It has a float of 30 million which basically means it is going to take alot of volume to move this puppy. It exhibits the same pattern day after day. Jumps up slightly at the open before setlling back for the rest of the day. I agree it is an attractive situation and probably relatively VERY undervalued but until the volume comes the stock will just sit there. If you want to hold it for a while it will do OK IMO. For trading it is a stick in the mud. I do think it will rise significantly once it starts moving so I am always watching it.

my two cents