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Microcap & Penny Stocks : CRGI... (Creative Gourmet)... The DD.

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To: ciVic who wrote (128)6/24/1999 4:03:00 PM
From: BudLong  Read Replies (3) of 411
 
ciV, Tom, Archie,

Interesting MM manipulation going on today...

My trades (amounting to 15K at .265) accounted for the bulk of the action in CRGI this afternoon. My 15K order was broken into 3 blocks of 5K. First 5K was filled almost immediately, with no movement of the ask. Second 5K followed right after; again the ask did not move.

The remaining 5K took another 1.5 hours to fill. During that time no movement whatsoever in the price of the stock. Following this last buy order, however, they lowered the ask to .25!

Walkdown and accumulation....in front of some news or financials, perhaps?

Food for thought, anyway. It was interesting getting a firsthand look at their activities, during a lull in the game when I was the only one playing.

Bud

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