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Microcap & Penny Stocks : All American Semiconductor (semi)
SEMI 31.28+1.4%Nov 19 4:00 PM EST

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To: Arthur Tang who wrote (886)3/31/2000 8:19:00 AM
From: Arthur Tang  Read Replies (1) of 952
 
Severe overbought yesterday 136 k shares traded, all buy orders, not a one sold. This morning bid is $12.5 and ask is $15.5/share. It will take a while to bring back into balance.

I doubt the market makers think that resistance is $15.5. I know $12.5 is not fear, but maybe margin calls? This is not going to work?

It has to be reaching for or be well above resistance for profit taking. Easier to see if Mendel has some to sell. Interesting supply and demand problem existed before market makers were aware of it.
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