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Microcap & Penny Stocks : CYCOMM (CYII)-on aquisition trail

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To: Don Parker who wrote (993)1/22/1998 6:20:00 PM
From: Bullseye  Read Replies (2) of 1800
 
> For some unknown reason the MM raised the ask today late to 2 1/16.
> He didn'd do that all week long even when buys were going off on the
> ask and volume was heavier.
> 1 5/8 bid.... 2 1/16 ask

Let's say , it is my post about CYI's institutional investors that woke up the specialist at pacific <big smile>

You're right, I checked my screen again and it showed to my surprise that 3 exchanges had a range violation (ie: don't post any ask), with only 2 valid asks
-> pacific ask at 2 1/16 ..and.. OTC ask 2 1/2
If this were nasdaq, the stock would normally open higher (in this case, a LOT higher).. However, I don't know about amex.

One thing is for sure : the way pacific and otc have set prices has been very odd in the last 2 days. I have seen otc keeping their bid at 7/8 (for over a week) and changing it regulary to 3/4 for no apparent reason (building a spread of almost $2 !!), whereas yesterday pacific started upping ask from 1 5/8 to 1 7/8 and now 2 1/16

Anyone with some experience in amex stocks want to clarify this ?
Either we are preparing for warp speed or I'll beam myself up to the amex and set the pricing right.

Bullseye!
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