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Microcap & Penny Stocks : GAAY - Triangle Broadcasting Company (was TBCS)
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To: Jon Scott who wrote (1610)8/11/1999 4:57:00 PM
From: Theo  Read Replies (1) of 2118
 
Yes it is nice to see green and significant percentage gain from previous to boot!<g>

We merely reversed what happened on the way down. Big moves on no volume.

Bingo! (No pun intended) First thing I noticed yesterday was the gap between the spread. I figured that limit sells had been placed because even for the volume, the Ask remained relatively strong early on. I incorrectly (I think) assumed that LessProfit had sold out, but apparently, according to him, that was not the case. Selling (scared hands) did occur- to nobody's amazement, but, if the MM's were truly bent on walking GAAY down, they could have dropped the ASK inline with the Bid and walked us down with each hit on the Bid. As easy as everyone panics, it could have been a mass exit with MMs making a bundle. It would've looked clean and we could have been sitting below a dime. It didn't happen- more inclined to believe that yesterday was very efficient in market terms. I'm NOT saying that MMs don't manipulate, it's just that sometimes, I think MMs get more credit (good or bad) than they deserve.

Nice DD Jon- and even though I've butted heads with you Jacalyn on occasion for petty nuances, I LOVE your tenacity. Hats off to you girl ;-)
Theo;-)
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