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Date/Time of Brief: 11-21-2001 10:51 EST
Company: Compusonics Video Corporation
Subject: Trading Alert
Stock Price @ Publication: $ 0.043
Volume @ Publication: 287,000
DAILY BRIEF BODY:
Compusonics Video Corporation (OTCBB CPVD) is trading higher this session, on volume 248% greater than its 20-day average daily share volume.
The company has issued no news in the last 90-days, and last filed with the SEC on November 13, when a previously delayed annual report was submitted to the commission.
Traders have been puzzled in popular on-line discussion forums, as the stock has trended higher, but the company has not updated investors in the form of press releases in recent weeks.
Knobias contacted the company today, in an effort to determine the forces behind recent increased interest in the company's stock.
President and CEO David Scull informed Knobias that there are no developments at the company that he could discuss publicly at this time.
Shares of the company are trading at a level higher than four of four moving averages, and fractionally higher than consolidated technical upside price resistance at $0.040, as calculated by Knobias technical analysis. The stock has a 30-day closing price range of $0.010 to $0.040.
CompuSonics Video Corporation has been a development stage company with the intention of developing a system to make video recordings, digitalize video images, and playback digital data on a television monitor. The Company's main activity since inception has been to obtain equity capital for the development of its digital video recording and playback system. The Company has been licensing its patent portfolio to various companies.
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