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Non-Tech : NFLI - Nutrition For Life International

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To: Skeeter Bug who wrote ()7/14/1996 4:38:00 PM
From: John H. Flint   of 331
 
jeff, I pulled up the "box" on the Level II. You have a total of 9 MM's in the stock. That is not alot for a Small-Cap issue. ISGI in comparison has 20 plus (probably because its easier to manipulate <g>)

My system lists 6.4 million shares outstanding. That could be wrong.

I see the 3 month high is $22.00 while the low is $8.50. It appears that the stock is stuck in this trading range of $13.50 - $17.00. On April 15, the stock came down from $22.00 to start to trade in this current range. I see the $13.50 bid right now is a recent low. NFSC is the only bid at $13.50. They are the retail arm of Fidelity. 1 offer at $14.125 (FAHN). Fahnstock for the most part likes to play the short side. Our ol' friend NITE makes a market, but is out of the way.

Other MM's include Sherwood (SHWD) a big retail clearing house mainly for National Discount Brokerage. MASH who is Charles Scwab's clearing house. HRZG a big wholesaler. NTBC out of Denver, Colo. that I know nothing about. Cohig & Assoc (CASS) out of Englewood, Colo. & FULL that I think for the most part plays the short side of issues.

The very large spread would be a concern for me. It gives those MM's a big margin to control the stock. It also denotes that there could be a smallish float? Currently only 1 bid and 1 offer. How is the liquidity of this one?

Thats about all that I can add from what I see right now. I will watch the trading activity tomorrow to see if I can see who is doing what on both sides of the ball.I hope this helps. Good luck.

John

Off topic: If you can get BDPC under $5.00 you are looking at a nice trading opportunity this week IMO.
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