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Microcap & Penny Stocks : ATEC Group. Huge growth with PE of 12.5!
ATEC 19.76-0.9%2:41 PM EST

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To: rt1^ who wrote (961)11/20/1997 9:23:00 AM
From: Mike Irving  Read Replies (2) of 1298
 
ROLAND:
To be exact you were off 3/16. Let's not forget that yesterdays volume pre-split would have been over 100,000. The point I was trying to make is that everyone thought there would be blood shed, that the lion would roar, well the lion wimpered. Since you claim to be quite the day trader, you should understand that the MM's will drop the bid to try and shake out any selling at the lower levels. You had to see that there was NO selling at 4 1/16 thats why it went back up to 3/8 to 1/2. You are a trader, you should understand that.
As far as the institutional buying, $5 and NMS are needed, as I have said on numerous occasions. The split was the first step, and todays press release talks about the second.
In the near future you will see 2-3 new market makers coming in to ATEC. The company should have very STRONG 2nd qtr numbers as well, which now that this split is over should garner some attention on Wall Street. NASDAQ NMS application should be filed soon and with the road shows this stock should appreciate.

Mike Irving
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