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Technology Stocks : Crys*Tel Telecommunications.com, Inc. (CYSS) -- Ignore unavailable to you. Want to Upgrade?


To: Chief who wrote (87)4/5/1999 11:38:00 PM
From: Byter  Respond to of 338
 
<<For those of you who have remained strong, you shall be very pleased with the near term>>

I'll drink to that !

Still here and with 3000 extra shares I thought I wouldn't own.

Thanks for your comments Chief.

Byter



To: Chief who wrote (87)4/5/1999 11:50:00 PM
From: Benchman  Read Replies (1) | Respond to of 338
 
Chief, I think we had a decent amount of volume last week generated from SI interest. When the stock didn't clear 2, I think they "cut their losses" as you mentioned. The MM's took full advantage, and still are, and brought the price way down when they bailed. I think the reason the stock didn't clear 2, is because the "short" position was still shorting. The MM's have brought the stock down to the 52-week low these last few days, on a small amount of volume.

Another thing about BB stocks, is that they always come back. This is the period where many investors get tired of waiting or panic, and sell at low prices. At some point, maybe after the conference, the stock will rebound and go much higher. As long as the company is an ongoing concern, the MM's will want to manipulate this kind of price action. As we all know they make money when it goes down AND when it goes up. They just want volume.

I'll be sitting tight. Things will turn around.

B