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Microcap & Penny Stocks : CHTL - Things Dreams Are Made Of.....
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To: Pierre Aydin who wrote (295)12/17/1997 8:14:00 PM
From: Norrin Radd  Read Replies (1) of 746
 
I think the market makers are being very predictable in driving the stock down mercilessly on the Reg S conversions and subsequent sales of shares and at some point it was inevitable that they would drive it back up to rake in their profits on their house positions.

On the other hand, CHTL did say they shipped $1.5 million in product in October alone, so that could be a positive sign.

Obviously I am still very cautious, especially until years end. Could easily be a dead cat bounce for the MMs to double their money in a couple days.
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