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Microcap & Penny Stocks : Buying opportunity - Market maker out of business
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To: rt1^ who wrote (65)1/16/1998 10:46:00 AM
From: Master (Hijacked)  Read Replies (2) of 472
 
*off topic*- NURS . There wouldn't be a reverse if NASDAQ hadn't of changed their
rules. Now to avoid the split, NURS has got to start making a move today to close in to the $1 territory.

Yesterday looks like the big buyer who stepped up and threw down
2 block trades of 300,000, got back on the sidelines and only
about 100,000 in selling dropped the bid back to .25.

But as a few days ago there is big quantity on the bid and little
on the offer- which is a very bullish sign. If the high roller
steps back in today, theres probably only about 200,000 shares
between here and 50 cents.

I think most of the big selling was over in December, when tax loss
sellers and those convertible debenture holders finally unloaded and tanked the stock. On the up side- looks like only profit-taking sellers left to fight, the management wants to get the stock to
$1 to avoid the split, the balance sheet is clean of debt and
stock conversions, money-losing
operations have been sold off and the Cymedix deal is being rolled
out with explosive possibilities(there looks to be a big
marketing push at a trade show mid-February to over 20,000 prospective
clients)- we'll just have to wait and see if there is the buying
strength to take NURS to the next level. BTW, I am very impressed
with management too.
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