IMMM ( I'm Mad Monk) Message Board

STOCKTALK

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Microcap & Penny Stocks : IMMM ( I'm Mad Monk)

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To: David Wideman who wrote (856)	5/20/1997 12:26:00 AM
From: per strandberg	of 1480

David, I have looked at today's Time&Sales. It doesn't really make sense to me. A couple of times somebody bought at full ask, with the immediate effect that the bid was lowered. 100k shares can be traded and the price doesn't move. That is usually just MMs shuffling blocks around. I have seen triple blocks being exchanged, usually meaning three MMs playing. By comparing Friday and Monday, it looked like the price was artificially jacked up on Friday and artificially dropped today. A trade of 300 shares at 0.14 cannot possibly influence anything. It's so common to blame MMs for everything that I'm usually hesitant to resort to that for finding scapegoats, but I'm beginning to wonder. The price going up/down like a yo-yo without any real bying/selling to explain the movements. I may be looking for news so hard I may be seeing ghosts instead... Regards ps

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