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Microcap & Penny Stocks : HeartSoft Incorporated (HTSF)
HTSF 0.00010000.0%Nov 14 9:30 AM EST
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To: Albert Martin who wrote (318)8/5/1997 12:06:00 AM
From: Benjamin Shell   of 1781
 
Guys, you know I am restricted in what I can say about the trading of the Company's stock, but I can speculate on what's going on.

First, the price opened $0.40 by $0.50 and we had several trades back and forth - a few of which seemed to be inner market maker trades, and it just so happened that the last trade of the day happend to be on the bid.

Don't always assume in these BB stocks that just because you see a trade on or near the bid that it was a shareholder selling - these market makers often do things which we would consider illogical from the outside looking in - but remember, they trade these stocks by averaging prices up and or down.

ie. The second from the last trade of the day was someone buying 2,000 shares on the ask, the last trade of the day was a market maker settling that trade with one of their cronies on the ask - so it looked like someone sold 2000 shares on the bid - what gave it away was that there was no change in any of the other 14 market makers bids or offers. You can also tell by looking at the times of the trades.

Anyways, with the 10Q earnings coming out on Wednesday, hopefully we may see some increased interest in the Company's common stock.

Hang in there! Benjamin
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