Date: Thu Jun 16, 2005 3:14 pm
Stock: CKCM
Below you can see the before market trading. The MM's bought over all3900 stocks before market opens and raised the price to 25.37 beforemarket open, a good 62 cents higher than what it closed at. As soonas market opened ofcourse a few stops got triggered. If you look atthe volume chart, just 3900 stocks ensure approximately 30,000 sharesbeing traded above 25 and another 50,000 shares being traded above24.75 and 25.
Why it works on this stock. Low volume: took 3900 stocks to raise theprice of the stock by 2.2%. Also, look at the 5 day and the month'schart, lots of shorts must have gotten into the stock over the lastfew days and they want to play it safe so they'll put stops atvarious points which get triggered.
Careful where you place those stops.
http://quotes.nasdaq.com/quote.dll?page=afterhours&mode=frameset&symbol=CKCM&symbol=OVTI&selected=CKCM
&exchange=19&bid=24.06&ask=24.54&pageno=&site= http://quotes.nasdaq.com&dynsite=http://dynamic.nasdaq.com&mktcls=&mkttype=pre&sit/
esubtype=& LogoPath=http%3A%2F%2Fcontent.nasdaq.com%2Flogos%2FCKCM.GIF&CompanyName=Click%20 Commerce,%20Inc.&Market=&MktStatus=Jun.%2016,%202005%26nbsp%3BMarket%20Close%3A% 26nbsp%3B$%26nbsp%3B24.14
