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Microcap & Penny Stocks : JAWS Technologies - NASDAQ (NM):JAWZ

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To: j.oil who wrote (2435)7/1/1999 4:17:00 PM
From: j.oil  Read Replies (1) of 3086
 
A nice close today.
I think what we have seen over the last week is a combination of things.People expected Jaws to take off after Xmail was launched so they loaded up for a trade,I warned people that it probably wouldn't happen,and it didn't.Now people were holding stock that was worth less than they paid for.As the end of June came to a close people had to settle their accounts,as well it is year end for a lot brokerage firms in the US,so at the end of June a lot of accounts that may not have to be settled normally had to by the end of June.
This has given the MM's an opportunity to put the squeeze on some people and get some very cheap stock.Well now that all this crap is behind us I think we move straight ahead for a while.
J.oil
PS I am gone to a Lacrosse tournament until Sunday.
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