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Non-Tech : NORE - High Tech Bingo Equipment - Online Bingo
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To: Carl Jackson who wrote (264)1/8/1998 2:26:00 PM
From: Silicon Trader  Read Replies (1) of 7701
 
Lately NRAG 's trading :

the last month before the end of the year and some selling last week . It seems to come when the bid pops its little head , and then wamoo, a big block comes through .

If i were a market maker and this kept happening i would be a little timid trying to move the bid up. I dont think they have a whole bunch at 35 cents but i think they have some stock at the .38 cent level .

Traditionaly MM like to go home holding no stock. I think i was trying to refer more to the mentality of these guys , which i have heard them comment on in the past

They say if someone is willing to sell at these levels then they will buy it up and continue to do so until that person or persons are not willing anymore .

This type of thinking makes total sense from their prospective.

Its a double edge sword for them . Lets say that they move the price up qucikly on low volume or medium volume , then along comes MR 1 :45 and starts to dump at the higher bid . with light volume , who are the market makers going to sell it too. At this level they know they can sell the stock , and they dont have to buy it at the higher bid

This is just a observation and based only on my Opions

GO NRAG MBA

I have been speaking to alot of current investors today and most of them plan on increasing there postion on the news of the VLT's opertaing and to add as the revenue reports come .Maybe this will help contribute to the potential " POP "Ed pettee refered to.
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