*AV* -- Actually it was REAL Lucky because at the time I believe the
ask was for 12.25 and I did a double take when the broker called back
with the confirmation. I was speaking to Cindy last night and told
her how amazed I was. Then again, I have a history of posting the
entry and exit prices. It was only a matter of time and statistical
probability that I finally caught an absolute bottom at precisely the
right time. (It also doesn't hurt to be banging away every 5 seconds
on a real time quote system. I will wait for the written conformation
since this guy sometimes comes back with the OOPS. He is on his last
"strike" with me so it better be 11 1/4. From the looks of the logs
this morning, there were not many shares traded at 11.25 so I wonder
if he was trying to pull a fast one on the market in order to make
restitution to me. However, the luck might have run out since I
bailed at 15% and there looks to be some spark in the sector. I am
content with the move and will not look back.
Whoops, I fibbed. I just looked back. What an idiot!!!! Up $1+
today. As usual, out too soon. One lousy day more and the 15% gain
would have been a 25% gain. So who is really lucky now!!<GGG>
Below is a log of a OTC-BB stock that went public in Dec last year.
It trades a very low volume and could be easily manipulated if people
rushed into it. I do not how to handle this for the community. As you
can see by the volume and trading history, this stock has maintained
parity and was stable in an unstable environment. We are now out of
the quiet period and announcements will be made.
DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
1/27/98 5 5 5 5 1,000
1/21/98 4 3/4 4 3/4 4 3/4 4 3/4 400
1/14/98 4 7/8 4 7/8 4 7/8 4 7/8 500
1/09/98 4 25/32 4 3/4 4 25/32 4 3/4 1,600
1/08/98 5 1/4 5 1/4 5 1/4 5 1/4 100
1/06/98 4 3/4 4 3/4 4 3/4 4 3/4 2,200
1/05/98 4 3/4 4 3/4 4 3/4 4 3/4 100
1/02/98 4 7/8 4 3/4 4 7/8 4 3/4 3,000
12/31/97 5 5 5 5 100
12/22/97 5 5 5 5 300
12/19/97 5 4 3/4 5 4 3/4 4,500
12/16/97 4 3/4 4 3/4 4 3/4 4 3/4 200
12/11/97 4 3/4 4 3/4 4 3/4 4 3/4 500
12/10/97 5 4 3/4 5 4 3/4 1,700
12/09/97 5 3/16 5 1/4 5 1/4 5 1/8 3,600
12/08/97 4 3/4 5 1/4 5 1/4 4 3/4 1,000
I have been buying this stock at $5 since a $4.75 bid has never been
accepted. I have been picking up no more than 500 shares a day with
the exception of 2 - 750 share days, so as not to cause an unsavory
situation where I am being taken advantage of. I have been using an
online service to do this also to keep the daily commissions down.
Interestingly enough, the two highest volume days are my 750 share
purchases. I think they tech sector problems may make this company
slightly more profitable since they are a lower cost third party
alternative for servicing and upgrading a specific installed
equipment base. Food for thought as to how to allow small positions
to be taken without driving the price up unnecessarily. Personally, I
would like to bring my holdings up to 7500 shares but am not close to
that yet. Maybe anyone who is interested could email me and I tell
them one day apart or in 500 share increments until the price reaches
$5.50 and then back off until the price corrects itself to allow the
next wave in. I think after those interested are all positioned and
we then discuss it openly and the news starts to flow from the
company, we might see a steady gain to around $7 or $8 and then leave
in an orderly fashion. I must admit that at face value the volume
seen might be mine.
Any thoughts????
AV |
