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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (35231)	4/21/1999 4:38:00 PM
From: Cynic 2005	Respond to of 86076

MM, what really amazes me is the amount of upswings it is causing on certain stocks even if relatively tiny volume is traded on updays. Take WCOM: Date, Last, Change, % CH., high, low, vol Apr 21 89 3/4 +4 7/8 +5.74% 89 13/16 84 1/4 9,082,300 Apr 20 84 7/8 +2 5/8 +3.19% 84 7/8 82 1/8 13,783,200 Apr 19 82 1/4 -2 1/2 -2.95% 86 27/32 82 16,864,300 Apr 16 84 3/4 -3 13/16 -4.30% 89 84 5/8 13,643,000 Apr 15 88 9/16 - 11/16 -0.77% 90 3/16 87 1/8 16,329,700 Apr 14 89 1/4 -3 5/16 -3.58% 93 1/4 88 5/8 16,014,600 A $10 drop absorbed almost 60 mil shares where as the $7.5 rise occurred only on 23 mil shares. Each 1 mil shares traded dropped the price by 17 cents (on downdays) and raised it by about 33 cents (on updays). Almost double. This should mean a) extremely fearful shorts b) longs who are holding tight to the chest with the fear of rising prices. or c) both a and b! Though this is not a scientific measure, but I think the melt-up is not over yet. If this rally doesn't die by tomorrow's close, we are definitely doomed as NASDUNG may reestablish leadership! Michelle and her friends on the verge of margin calls may have another shot at mocking us.