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Strategies & Market Trends : CHINA + PAGERS = AVIC

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To: hoyasaxa who wrote (23)9/30/1996 11:43:00 AM
From: Kevin Thompson   of 53
 
Almost 50,000 shares have now crossed the tape. Other than 1 crossed order that I saw ZERO shares have been sold. The ask can't hold at 1 7/8..... Geez- this is tough. I'm hanging onto a large position in NVLS, which, for insane reasons, I'm bullish on, though I shouldn't be..... I'm anxious to put it in here before it's too late- which is imminent. The market maker's going to run out of stock soon.

P.S.: My commendations go to the market makers for AVIC. Pink sheet market makers usually ratchet the price up when large orders come through, then drop it back down, screwing the investor. My order for 10,000 shares "at the market" went through at the published ask. This will come in handy when it's time to sell.....

Kev
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