Harold
My guess was that since PRLN had gone up for 2 days, while the market took an enormous hit, the size of the bid/ask in the past few days has been fairly accurate. If so it has been reflecting someone wanting to get out, maybe in favor of blue chips, cash, bonds, etc., and maybe because of losses elsewhere in the big sell off. You'll notice a lot of maybes here. The bid/ask, of course, is not beyond manipulation and shouldn't be taken too seriously. Level II access, for instance, has become such a hot thing that I am sure that gets manipulated all the time.
My sense with PRLN is that most of us left in it are in for the longer run, especially with all the new developments with the new management in charge. It also seems to me that the de facto float has shrunk and that an MM would be wasting time trying to shake out much here. On other hand, what else do MMs have to do? Plus when a stock has been below $1 for a long time there is tremendous resistence at that level and PRLN has retreated from such bounces repeatedly in the past so who is to say some shaking out can't be done around the $1 area even though my opinion is that the $1 barrier is now gone, especially with news in several areas imminent.
So Harold, I hope maybe this maybe makes my interpretation almost "perfectly clear" about this issue, maybe.
On another issue, I did notice that some new PRLN studies are going to be done using,
thats right, MICE!!
So our company continues to show its forward looking wisdom, in this case by taking paul's cleverly disguised advice.
Larry
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