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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: The Devil Dog who wrote (3200)10/28/1999 1:40:00 PM
From: The Devil Dog  Read Replies (1) of 3596
 
Cross post from RB just some thoughts

By: CashFlow
Reply To: 8016 by Wayne_Balkwill Thursday, 28 Oct 1999 at 11:09 AM EDT
Post # of 8103


Wayne....it appears the truth that the MM on the BB don't necessarily follow the rules of logic. I had a limit order in for 2500 at 3 1/2 yesterday afternoon and the first half an hour of this morning with the bid at 3 3/8 and the ask at 3 5/8. After a half an hour of trading this morning I changed the order to 2500 AON at the ask and they filled. Then they dropped the bid to 3 1/4 and kept the ask at 3 5/8.

I guess they don't necessarily improve on a buy at the ASK. Doesn't matter to me...another 2500 bargain basement shares.

Mbendner, you can update my shares to 22,544 or .626 in one account.

CashFlow

Ok, here goes ;o)

First of all there was 3800 sold prior to your purchase
leaving a - outstanding reserve and after you purchased an
additional 2200 sold. They still have a reserve of shares
to sell before they have to walk it up.

If all buys are made on a low volume stock and all sells
are at the ASK it is impossible (Supply&Demand) for the
price not to improve. If you gotta sell (selling is not necessarily
a bad thing, people just gotta do it sometimes), try not to sell at
the BID (win/win for all - seller gets a higher price, longs benefit
because MM forced to raise price to acquire shares) & try and
hold out to get the ASK price even a sell can improve the price as
long as it is at the ASK because it forces the MM
to get his reserves at the higher price. At some point the
MM will short very little to get shares and instead raise the price to
get shares, their not stupid either.

Hope this helps

Best Regards to you all

WB

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