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Strategies & Market Trends : ICCSA -- Ignore unavailable to you. Want to Upgrade?


To: Roger A. Babb who wrote (39)3/22/1999 12:27:00 AM
From: Dale Baker  Respond to of 361
 
Something does smell fishy. I won't short any more until we see some direction, up or down. I suspect that once a trend starts it will move pretty quickly.

Just amazed to see a company with no past, present or future trading over $10.

Fortunately I have had a good year so ICCAC could double and I would be annoyed but not in trouble. Still, good money management and risk management are critical in this kind of market.

Thanks for the thoughts.



To: Roger A. Babb who wrote (39)3/22/1999 10:36:00 AM
From: Dale Baker  Read Replies (2) | Respond to of 361
 
Can you hear that faint cracking noise as ICCAC gives way? Level 2 has 3K shares at 11 and 1.7K at 11 1/16. I doubt ICCAC is going anywhere but down. May take a while at this rate, however.



To: Roger A. Babb who wrote (39)3/25/1999 10:09:00 PM
From: Mike Roberts  Read Replies (1) | Respond to of 361
 
The burn rate of this company suggests to me that it is being used solely to purchase stock. I wouldn't be surprised to see a last ditch effort by the company to manipulate the shares for a squeeze and try to squeak out some profits.

ICCAC should go down, but it is not.