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Microcap & Penny Stocks : The New Corporate Vision Inc. ( CVIA )
CVIA 0.4800.0%Jun 30 5:00 PM EST

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To: K A Anderson who wrote (2429)6/16/1999 10:52:00 PM
From: FARRIS  Read Replies (1) of 3596
 
Keith,
If you take your "theory" a step further -- over the past couple of days it has been more like 4.5 buys to each sell -- if I am not mistaken. A fairly common theory in the BB arena says that it takes three buys to overcome one sell. This is how the MMs make their money. They short a little and when they build up they run the stock on news or a large volume day. The oddity of the spreads throughout the days and the bizarre drop of the bid/ask yesterday toward the close are really hard to follow -- but you can bet someone (NITE perhaps?) is manipulating for their own advantage. It is not realistic to assume that some shareholders are not selling as well -- but it is obvious that the MMs are not going to pay much for the stock. I ran a quick TA on the stock -- though I put little weight on BB TA -- shows this stock blowing through this sluggishness very rapidly. A little FA would not hurt either! A Monday PR could send the MMs into a tailspin -- maybe, if we are lucky, an unrecoverable one.
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