VLVT (was CSMA) Message Board

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Microcap & Penny Stocks : VLVT (was CSMA)

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To: charles messick who wrote (3267)	12/10/1997 10:43:00 PM
From: Carole	Read Replies (1) of 11708

chuck. So I wrote back and said that 30K block shouldnt have that big of a ripple on a 426K day, particularly since it would probably be broken up in a couple of separate trades, and this was the reply I received as follows: ( If anyone objects strenously to my posting my email from folks I don't know, I probably will anyway, once in awhile as long as I don't feel I am being used to peddle false info) I think we would all rather see the email and judge for ourself than not see it. Now to the letter: until his order went in (not 30k at once, but pieced (like you mentioned) & in rapid succession "dumb move") the stock was fairly stable/quiet. i understand his reasoning for hitting it quick as he knew the MM's would run away and he wanted to get the best possible prices before they ran too far and/or other selling occurred. if i'm not mistaken the vol. at the time was approx. 1/4 of the days total. this action followed by some panic selling & MM shorting caused the appearance of panic which the MM's use to their advantage.

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