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Microcap & Penny Stocks : ICCN (Integrated Carbonics Corporation)

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To: FARRIS who wrote (28)1/9/1998 3:28:00 PM
From: FARRIS  Read Replies (2) of 193
 
No matter how much gets sold, these MMs keep raising the bid -- now $2. The ask has come down a bit to $2.75. I know that no one is willing to buy because of the outrageous spread -- I bought 2000 right after the reverse for an average price of .90 and sold at an average of $1.75. That was sheer luck I must admit, but now looking back, if I had held I would have made more. I may see how much these people really need stock -- it is obvious they want it because no one is buying to my knowledge and the trading logs generally do not lie. The MMs appear to have bought up about 20,000 shares since the reverse -- yet they keep raising the bid.
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