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Microcap & Penny Stocks : PELT
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To: STEVE S. who wrote (27)9/25/1996 9:55:00 PM
From: William Harvey   of 78
 
Hi Steve,
There IS a lot of movement. The difference between 9/32 and 5/16 is a whale of a lot. I try to make sense of the intraday charts and sure enough some days the majority of trades are at the high end where on some it's the low. We had a couple 100k blocks trade at 9/32 today. They made lots of money but it'll probably hit 9/32 more than once tomorrow. It may be that someone is trading on both ends and clearing lots of money every day. In that case, there should be blocks at the highs and lows, since the blocks today were at the lows, I suppose it's more likely that the big boys are unloading rather than loading up. The NASDAQ police are trying to crack down on brokers playing the spread of a stock but a low priced stock is vulnerable to that: Even at 64ths you can beat commission costs.
Bill
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