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Microcap & Penny Stocks : Dollar and Under Sleeper Stocks

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To: Ga Bard who wrote (1950)11/12/1997 4:44:00 PM
From: Sidney Reilly  Read Replies (2) of 8835
 
GB,
The log shows that on 11/10 all were buys all day with 3/4 million shares traded yet it closed unchanged at .135 I think. We got some good news on 11/7 (friday) and were expecting it to go up. The buys under the ask acted as sells as you have said and killed the momentum. Then on 11/11 mid-point buys and sells dominated the day and it tumbled .02. If those buys were at the ask the buying/selling would have balanced and we would not have had the loss and may have even eaked out a gain. What you have said is completely proven, how long will it take for everyone to catch on, probobly never?
Thanks for posting the logs, it has helped a lot. cya, Bob.
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