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Microcap & Penny Stocks : INTERNATIONAL FIBERCOM, INC. (nasdaq - IFCI)

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To: Sergio H who wrote (817)4/23/1997 8:05:00 PM
From: Sol Rosenburg   of 2486
 
What is going on here? Only 1100 shares were sold today- the rest were all buys. According to my source trading was as follows: 33,700 shares bought @ 1 1/2 ; 100 shares sold @ 1 15/32 (1/32 above the bid-which one of you were testing the waters??); 68,600 bought @ 1 1/2; 1000 sold @ 1 15/32; 9500 bought @ 1 5/8; 7400 bought @1 17/32; followed by one 7200 share buy @ 1 9/16; and one 14100 share buy @ 1 5/8. This is a cumulative, sequential listing of the day's trading (with the exception of the last 2 trades as noted). I think this will be the end of $1 1/2 shares. My only question is how much supply is out there. I would want to see a larger ask for such demand.
Sol
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