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Non-Tech : London Pacific Group - LPGL doubles... -- Ignore unavailable to you. Want to Upgrade?

To: BillQ who wrote (388)	4/22/1999 11:30:00 PM
From: chen yi	Read Replies (1) \| Respond to of 737

Hi, seems that there are lots of discussion and interests as to up or down of price after the ipo of NETP. I also worried because I own a bunch of the stocks. After looking through some graphs of SFE and WCAP, I have found that each time before the stock price falls down there are two obvious indications: a temperory spike and a huge volume, which means a short time overvalued period. But I would not agree that the volume these 2-3 days is that big. From the graph of recent movement of this stock, I feel that the first surge is due largly to the discovery of the little gem. Simply see the header to confirm. The first guy ever creat the thread did this when the price was already around 20$, 2 weeks ago! Technically speaking, I think the new base is in the middle of 20s( the reason is that the volume during the first surge is several days around 1M, considering the float of 5M, I think whoever needed to take profit has already done so) So what left is a lot of buying around mid 20s, which creat a strong base here. I can imagine the price to go down a little below 30, although this possibility is also a question. What most impressed me is that the price rise in a comparatively low volume( of course, you can not compare it to 2 weeks ago, a higer price and more publicity should sustain more activities). To me it seems that lots of serious buyers came in, and not daytraders. I know that some day traders are hesitate to join here because the price is already out of their range when they took profits not long ago. Instead, it is not the first time that I heard someguy sold other holdings and jump into this boat, and even from the related companies like WCAP, SHAL. It is clear that we are on out road to another CMGI.(cross this setence if you think it's kind of pump) And all are just my opinions, of course.Forgive my poor English and best luck to all. Chen