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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: InOverMyHead who wrote (7543)6/8/1999 12:27:00 PM
From: dowen  Read Replies (2) of 108040
 
IOMH- I agree that bid side support on IDFR is very weak, but as Jim just showed there was a MM with a $.50 ask and the best ask was $.56. It's all games if you ask me. They know what's up and they know what it takes to get shares they need. The bid has been as low as $.37 this week, but the ask has not dropped below $.50. I'm not saying the ask won't ever be below $.50 but I doubt it if this news comes out, and after watching this one trade for the better part of three months I feel like I know how it's going to act.
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