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Microcap & Penny Stocks : MIDL .... A Real Sleeper
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To: MJ Brouillette who wrote (565)12/11/1997 12:34:00 AM
From: Ga Bard  Read Replies (1) of 7039
 
ABSOLUTELY That was me alright but heck people are selling. I know two brokers and myself trying to stop the decline by putting midpoint buys just above the bid. The true problem comes in on midpoint buying is when it is going up MMs can use it to walk it down on buying thus causing a panic sell. That is the problem with midpoint buying, when it is MOVING.

When it is setting still and shorting or selling starts it falls like it has been doing because of shareholder's impatience. No one is buying and MMs do not want to sell they want to buy. When we cancelled our orders at .43 today to get in MDCE look what it did. The dang thing fell because we removed the resistence factor. Not one trade today we just removed the orders and it dropped to .46.

Heck it is at its lowest right now it has ever been so maybe the MMs can cover and get the gap out of the dang bid and ask once and for all. Carl and I kept LBGF locked up from falling for three days then once we removed the buy orders it fell. Right now I cannot put a block order in to buy more MIDL so I do not know where it is going to go.

Three other investors and myself had JAXI stalled with midpoint buys just above the bid for two days till we got flamed for what we were doing. We removed the orders and it fell like a brick.

WHen MMs want sells they are not going to sell at midpoint unless you get lucky. Midpoint buys orders can stop a decline. When MMs fill at the midpoint it is to get sells so they walk it down. Research trading tactics midpoint buying is bait or resistence depends on the variable of what the stock is doing.

For the rest of the week sell if you want there is nothing there to stop the price from falling. Trade what is right for you.

Thanks

GB
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