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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: ZJOHN who wrote (44384)5/23/1999 4:07:00 PM
From: Tim Luke  Read Replies (2) | Respond to of 90042
 
<< Tim, Since the volume picked up so much on JACO Friday, I was wondering why the stock did not hold its price at $4.50? Why did the price come back down.
Thanks John>>

my street educated guess is we caught the market makers with their pants down....this stock has only been trading a few hundred shares a day and we hit them hard....so i'm guessing they had to lower the price to shake some sellers so they could buy up some shares.