SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Accelr8 Technology (ACLY)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jon wilson who wrote (69)12/27/1996 4:37:00 PM
From: Allan Hyman   of 149
 
Hi, John ...
Best guess is that the specialist does not want to stand with a higher price over the weekend. He's been on a 200/200 basis most of the day (it got to 200/500) at one point. To me, that says he's playing close to the vest.

The other answer is guys like me who took a profit on all or part of their position. I sold enough stock this morning to recover my investment. We'll play with their money for a while. If it approaches $20. I'll sell the rest!

I don't know about anyone else, but a stock that sells almost 70% of its float in one day scares hell out of me. The fundamentals are good: They have a good business and they seem to know how to sell their product, but I intend to "manage" this position with care.

Happy New Year to ALL!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext