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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Gary Wisdom who wrote (4141)4/17/1999 10:02:00 AM
From: Gary Wisdom  Read Replies (3) | Respond to of 4903
 
Ok, just one more stat for y'all

I am looking at the chart (just love punishment, you know)

Did anyone notice that yesterday's volume was absolutely NOTHING?

2.9MM shares. That's not even in the top 7 volume days this year. That is totally pathetic for a major rout.

What might be interesting is that the shorts might just be running out of juice. If there was a wholesale dump of the stock, I would have thought the volume would have been much higher. Then again, there isn't that much stock out there in the first place.

I am thinking that the shorts that did cover yesterday sure had a hard time finding someone willing to sell them large amounts of stock. The end of day lift might have been shorts covering as I sincerely doubt any institutions would have bought the stock until they start showing better results.

Like I said, one really good piece of news, and this stock can soar again.

Waiting. Waiting. Waiting. <ggg>