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Microcap & Penny Stocks : Environmental Remediation Hldg Corp. (ERHC)
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To: Jeff Williams who wrote (79)8/19/1997 7:00:00 PM
From: GrnArrow   of 671
 
Well I almost bought back in yesterday at the open. I thought for sure friday's news of the accelerated testing at STP and the positive release from BBS would cause another quick rise in price. Strange thing was, the price had been 3.12 x 3.25, and then a few minutes before openning it was lowered to 3.00 x 3.12. A couple of trades went through at 3.12, and a little later, while 3.12 was still the only price traded at, the price went to 2.81 x 2.87. I had to go to work then, so I didn't see what happened. The only thing I can think of to explain it is that somebody is or was trying to sell a big chunk of stock. Lucky for me I didn't buy since it's still going lower.

Does anyone know who the market makers are and if they have a reputation for manipulating prices? (We always like to blame the market makers if we can, don't we?) Actually what worries me is that a lot of the stock issued to consultants (and there was way too much, imo) is unrestricted. So it could be that one or more of them is trying to sell off a significant amount of shares spread out so as not to drop the price too much. Does anyone have access to blow-by-blow trading info, and to how many shares are being offerred?

Any other thoughts or insights into what is going on?

regards,
Mike
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