Watched all this paper tradin' hands today in a very narrow trading range... The only thing I can say is that somebody is buying it up through various houses... That much stock coming out with no buyers would have driven this puppy right down to a penny...
Watched the bids get hit when CT came out with all that stock... Knocked them out, right down to .18... Ten minutes later, the bids started to build right up again...Shows me that they (or somebody) is/are looking for more...
Here's the floor after the close:
Market Depth for US - A
Depth by Price for US - A as of 1997-12-03 15:01:43
Bid Ask #Ord #Sh Price Price #Sh #Ord 1 7,500 0.195 0.21 6,500 1 3 35,000 0.19 0.215 15,000 1 2 14,000 0.18 0.22 20,000 2 1 8,000 0.175 0.23 45,500 5 2 22,000 0.16 0.24 24,000 4
Depth by Order for US - A as of 1997-12-03 14:48:56
Bid Ask Broker #Sh Price Price #Sh Broker 086 Whalen, Beliveau 7,500 0.195 0.21 6,500 009 Nesbitt 006 Green Line 20,000 0.19 0.215 15,000 086 Whalen, Beliveau 035 Canaccord 10,000 0.19 0.22 10,000 048 Yorkton 009 Nesbitt 5,000 0.19 0.22 10,000 082 DS 009 Nesbitt 4,000 0.18 0.23 15,000 058 Oliver 006 Green Line 10,000 0.18 0.23 500 039 Midland 009 Nesbitt 8,000 0.175 0.23 10,000 006 Green Line 078 CT Services 10,000 0.16 0.23 10,000 006 Green Line 085 ScotiaMcLeod 12,000 0.16 0.23 10,000 035 Canaccord 006 Green Line 5,000 0.155 0.24 5,000 058 Oliver
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