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Microcap & Penny Stocks : MIDL .... A Real Sleeper

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To: Ga Bard who wrote (248)11/7/1997 10:19:00 PM
From: David L. Wasylenko  Read Replies (2) of 7039
 
ok...

10:18:34 8 ....... 2500 ....... 0.718 <--- Buy caused the ask to drop
10:18:19 8 ....... ....... .............. 0.625 - 0.750 25x25
10:18:12 8 ....... ....... ....... ....... 0.625 - 0.781 25x25
9:30:35 8 ....... 2100....... 0.780
** end of data **

but why can't you say someone wanted to unload 2500 shares, didn't expect to get the 725, put in a limit of 718, and went to bed?

Why can't this just be 'additional volume' that would not have occured otherwise, instead of damage to the stock? In fact, if this seller didn't move his shares between the bid/ask, he/she may have moved their ask to the bid, making it worse. Opinions (and flames) welcome.

... david ...
PS: the grammar/spell thing was just an attempt at humor!
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