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Microcap & Penny Stocks : AIRP
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To: Brander who wrote (103)6/21/1996 9:51:00 AM
From: Joan Osland Graffius   of 487
 
Brad, I don't think the trading was halted. I believe they were sending folks to Canada to buy because the price was a lot cheaper up there. In fact my last buy I did in Canada. They wanted $.46+ down here and $.35 US in canada. I bought in Canada for an average of $.36 a share including monetary conversion cost and commissions. With this stock there could be some opportunity for derivative trading. Some people are suspicious that the MM's down here are buying up in Canada and are selling down here and making a larger than normal spread. I have been watching and may play the same game if the opportunity looks like a relatively low risk.

For example the $.36 US average buy could have been sold down here at market for $.4065. profit of between $.03 or $.04 a share. If you buy enough one could have made a profit, if you were willing to take the risk with a fair amount of cash.

Joan

Joan
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