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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"
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To: tmitchy who wrote (1162)8/16/1997 8:35:00 PM
From: novice investor   of 1985
 
Hi tmitchy,

<you still have not answered my question...if someone sold then someone must have bought so someone is selling and someone is buying.>

The fact every trade has a buyer and a seller is rather obvious and when someone calls a transaction as "a sell" or "selling" he/she is not saying that there was no buyer. These terms simply mean that the trading price was at (or near) the bid price.

<i can understand being bearish if stock price really hit but this not the case today it is still in range. somebody likes the stock at these levels and somebody else does not.>

Transactions at the bid price generally mean the selling interest is stronger than buying interest at the time of trade. The significance of this difference in interests is proportional to the size of the transaction and when the transaction is huge, it becomes significant enough to be considered as a bearish indicator.

Your phrase: "bearish if stock price really hit" is an opinion that probably is not universally shared. Bearish indicators imply possible future declines and are not indicative of immediate past, in fact the stocks with sharp price increases are often considered bearish.

<the big question who keeps selling at this level that is what keeping price in this range.>

The seller of million share blocks can be an individual (may be an insider) trying to raise cash, a professional money manager reducing exposure, a trader just shuffling shares, or anyone else. The key point is that the sellers of such large blocks may have access to more information than general public and for this reason their selling actions receive public scrutiny.

As far as I know there is no specific force in the market for "keeping price in this range." Perhaps some technical analysts in this thread can shed more light on this issue.

<if we did not have sellers price would be up above 1 by now and going higher.>

As you've indicated, every trade has a buyer and a seller, and "if we did not have sellers" there would be no market and price would be meaningless. If we did not have such strong selling interest as indicated by multiple "block sellings," yes, the price probably would have gone up.

Hope I've answered all your questions.

NI
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