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Microcap & Penny Stocks : QDRX
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To: phoenix who wrote (2194)7/23/1997 7:41:00 AM
From: Glenn Olsen   of 3977
 
Roger
Only problem with viewing the trade as a short is the need to find a corresponding buyer at the ask. Someone wanted that chunk badly enough to go for the ask. If this were a short in anticipation of reg-s/d, the pressure would be down(increased supply with no new demand). I'd guess someone thinks they can make some money here.The bid was as low as 15/32 Tuesday with trades at that level. End of day trade, looks more like MM's accum until they could cover all or most of the trade. Isolated?? Tune in today.

Glenn
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