SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : OWLD OneWorld Systems

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: AJBurl who wrote (966)12/31/1997 10:43:00 AM
From: Marc Newman  Read Replies (2) of 1648
 
I'm dipping in again, but with caution. From my reading of the tape we've got more sells than buys, though the bid/ask spread is favorable and we've held strong at 1 1/32 bid. Tons of small sells. Either some MF guy is tasked with getting the best price he can and is dropping a few thou every ten minutes or we've got the last of the small capitulaters. The last three trades have been 200 and 300 share sells.

Anyone else want to offer their reading of it all?

I won't feel any relief until 4:00 PM EST.

Edit update--

A 400 share sell went off right after I originally posted this. More of the same. I then left the room for two minutes and come back to find 25,000 more shares have gone through, probably a big sell. Is somebody monitoring this board? <<vbg>> We're back down to 1 at the bid.

Further edit--

I put in an order splitting the spread (1 1/32). MMs immediately raised the bid to my order. I didn't bite. Four minutes later they gave it to me and we're back to 1 by 1 1/16. Those guys are getting predictable.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext