Some Interesting #'s on PABN for 3/9/99 thru 4/1/99.
MM's have:
Bought: 89,706,821 Shares (848 trades) at an avg price of .0163
High: .022 Low: .012 Last Week: High .0164 Low .0135
Sold: 166,271,119 Shares (4700 trades) at an avg price of .0174
High: .22 Low: .0123 Last Week: High .0167 Low .013
No the High of .22 is not a misprint, Here are the individual transactions.
Date Buy/Sold # Shares Price
3/12/99 9:35:02 AM S 5000 0.22
3/19/99 9:34:04 AM S 1300 0.17
3/25/99 11:30:26 AM S 5000 0.146
3/16/99 4:11:06 PM S 20000 0.0815
3/16/99 2:14:48 PM S 20000 0.0815
3/17/99 9:32:09 AM S 6000 0.03125
3/17/99 9:31:20 AM S 6000 0.03125
Appears to be a short of 76,564,298 shares in just about one month. A ton of share sold at about .02. These guys are trying to cover by buying back at .0145. Now that may not seem like much but if they cover all of their short at .0145, they will make about $300,000 +.
85% of the share volume is on the investors buy side, MM's sell side. These guys will need to cover soon, dont make a mistake and sell off. I have seen this many, many times.
M.H. Meyerson, Knight Securities & USCC Trading are the big players on this one. They are backing themselves into a corner. Their nerves will tighten if the 85% buy keeps happening. Sooner or later they will have to walk this thing back up.
Hold on to your shares, dont take a loss on this.
Go PABN!!! |
