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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Dec 4 4:00 PM EST

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To: Carl Pergler who wrote (4168)4/18/1997 1:13:00 PM
From: spinynorman1323   of 13091
 
Carl,

No way to tell. Just someone willing to sell 5000 shares at 5 3/4 and a market maker (probably Troster-Singer) willing to take it off their hands at that price. The quote at the time was 5 3/4 - 6 and had been that for over two hours. There were six MMs at 5 3/4 and one at 6. After the 5000 share sale, TSCO dropped off the bid, so he must have got what he wanted at that level. Typical market making and supply/demand activity.

Anytime a sell goes through, the downward tick will reflect the change (ie 1/4 in this case) from the previous transaction, so price flunctuations will be back and forth at whatever the current bid/ask spread is. I zeroed in on your comment "drove the price down" because I watch these things all day and just wanted to clarify so no one thinks anything out of the ordinary is happening! That's all!

I see you are a fellow Marylander, Carl!!! I'm a transplant but have been in the Wash/Balt/Annap triangle for 12 years and my wife is a Terrapin graduate.

L2 and Long and LP Mark
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