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Microcap & Penny Stocks : Pen Intercom (PENC) - Ready to fly?
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To: Plaything who wrote (21)9/18/1997 2:02:00 PM
From: Andrew Hunter   of 107
 
Well, I am a day trader at heart, and that's why my position in PENC is about 1/5 the size of my average position. If nothing else, it will keep PENC on my radar screen.

Lemme tell ya something about today's action, though. Two sells of 65,000 each were followed by a sell of 100,000 at 1.75. Now I figure, there is no way the MM's are going to let this thing go below $1.75, because they'd take a loss on all those shares. So they'll boost the price around $2 and sell those shares off a few thousand at a time. This is exactly what's happening.
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