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Microcap & Penny Stocks : OWLD OneWorld Systems

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To: Richard Jurek who wrote (892)12/8/1997 8:05:00 PM
From: Marc Newman  Read Replies (1) of 1648
 
Well, I imagine we'll see some significant changes in the totals one way or another next time the figures are published. So even Kopp is under 5% ownership, which means he/they/it don't have to file monthly if they buy or sell, correct?

I have a feeling most of our price decline is due to one or more of these institutions lessening their holdings and taking the tax advantages. When the stock didn't fly after the Nov. 10 Apple announcement that's when the selling began.

Wish I had access to a Level II machine for a day, just to see who is brokering the sales.

Today was another day where I tried to buy between the bid and ask and the MMs immediately raised the bid to the price I entered. I left my order in but canceled when we were at the highs of the day. Put in another small order to split the spread at two but nothing happened. Soon some sales came through and the ask dropped down to my limit.

That's it for my buying until I see a significantly lower price or we hold above 2 1/8.

Marc "Travelers, Inc." Newman
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