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Microcap & Penny Stocks : VLVT (was CSMA)
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To: franco who wrote ()11/6/1997 6:44:00 PM
From: Icabod  Read Replies (1) of 11708
 
Here's the REAL DEAL....130,000 shares printed after the close today, 40,000 yesterday and 250,000 the day before...the same MM has been selling all 3 days....the first conclusion is a back fill from working a customer sell order all day.(sell order that is) The MM that is selling is not a known shorter. He maybe new to the shorting game, but I doubt it. My bet is he has a client with REAL STOCK that has recently purchased it cheap from the company. Rumor has it these shares were bought at 1/8. In Franco's words "A FOUR OR FIVE BAGGER."

I made $ on the position in C$MA and may be prepared to purchase it back but not until I see volume and price increasing with the new MM off the offer.

The next couple of days could be interesting. My bet is we'll see 30 cents before we'll ever see a buck.
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