.

The precipitous drop in price from late '98 comes off a higher valuation for the stock that goes back for years. Thus, it's not a typical distribution or even any kind of a distribution.

The price was made to drop, over a period of a year and half, to rediculously low levels. The chart then bounces back up-- as though the drop over that year and half was the accumulation phase during which insiders bought in.

Sure enough, according to Agora [1], there were a huge number of corporate insider purchasers near the bottom. The regular TW accumulation phase was shortened and then this stock was rammed back up into the stratoshere!

Amazing. Any TW trader would have found this stock very interesting in late 2000. Nobody visiting this forum at that time pointed out A&P, and neither did Matt Morsa. There is no comprehensive list of analysis of 3000 stocks from a TW point of view.



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