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Microcap & Penny Stocks : Dollar and Under Sleeper Stocks

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To: Alan Coccio who wrote (1813)	11/8/1997 5:10:00 PM
From: Ga Bard	Read Replies (2) of 8835

Alan, I know from conference calls and making orders proving to no one but myself that what I am saying is true. Buying is treated as a sell at the midpoint. Again I do not have level three but I soon will have. Example: I place buy limits just above the bid and the bid moves up. I place a limit order at the midpoint and no other trade and after a few of them the price goes down. If they fill between at the nidpoint the bid moves up. Check the MIDLW last trade was a .14 .. it was a sell and the bid was .09 and .15 at the time. The bid instantly raised. I have posted on 8 or more stocks, and some I do not own the trading log. It clearly shows what I am saying plus the level three does also. MMs see each limit order and they can pick and chose as they want. Now with that said, lets say you are a MM would you buy stocks from a shareholder or would you sell short a shareholder wanting to buy at the midpoint. I would sell short sell personally then drop the ask and maybe even the bid. When the limit order falls chasing the bid I can cover and make a bundle. Why buy stock higher than the bid when you can short sell lower than the ask and then after you have short sold enough drop the price? Dropping the price the ones selling will chase it down. Sense you are an MM you know exactly what the limit orders are and can use that to your advantage. This makes perfect common sense to me. Greed is the MMs money machine. On the big market where the trading is not a bid and ask other traders decide whether to sell to you or not. On the OTC:BB MMs know exactly what to do. Do not underestimate a MM at their own game. ALso if you notice this has really just started happening since the new law and the fall of the market. How better to recover the loss on the big market than to make it back very quickly on the OTC market. If you wish to buy between the bid and ask that is up to each individual. However I think I have proven that it only helps the MM short the price down. Also since the new ruling wider bids and asks have suddenly sprouted up on nearly all stocks. Oh well this is just my opinion and people should do what is right for them. GaBard

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