PLCO Internet collectables, childrens toys...etc Message Board

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Microcap & Penny Stocks : PLCO Internet collectables, childrens toys...etc

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To: Israel who wrote (330)	5/13/1999 10:58:00 AM
From: E*Trader	Read Replies (1) of 1296

Israel, Daytraders and momentum players usually wait for the spike in these situations, winning situations, when you have a stock in your position and a good news come out. The second point that indicates it wasn't daytraders selling that when it opens today, it had only 4000 shares volume and stayed for few minutes like that till some other orders came by. I don't think 4000 should lower the stock $ 3/8 even if they are all selling. It is obvious for me it is a MM's game to kill the momentum. especially they are only 7 of them here in this stock, with only 5 participating in transactions which is a way low number for a stock, so this gives them opportunity to have a better control on price due to lack of competition between them. I think they were trying to kill the momentum.

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