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Biotech / Medical : INVI Invitro International
INVI 0.00Jun 30 5:00 PM EST
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To: Eddie Kupenda who wrote (346)3/31/1998 1:27:00 AM
From: Justin Step   of 486
 
Black background = Out of sequence trade (late)

Since there were only 97,700 shares traded today I would think that an out of sequence trade (late) would have some significance to us all. If you or I were to try to purchase a large block of shares like that we would send this stock soaring.

As far as a trade between MM's - NO! I see those all day driving the price down, they show up as single numbers like 4 (40 shares) or 5 (50 shares) and even a 10 (100 shares) every now and than.

I do think that you were close to what really happened today after the bell. Add 584,000 shares sold after the bell last Tuesday + 500,000 shares sold after the bell today and you have MM's buying back large blocks of stock without moving the price up to cover the shorts that they sold last week. I can even bet you that those blocks were shorts that were bought/borrowed from brokerage houses (and please don't tell me that you can't short a penny stock - it's done all the time and the market makers know how to do it.)

So what to expect next? The market makers will be doing all that they can to drive the stock price down but if we all stick together and more people join in and buy the dips they will be forced to keep the price right where it is at and any demand should send it skyward.

Remember news about the April 17th meeting should be out soon. (Please, keep on Rich about it)

Remember this is just-in my opinion. I would love to hear your comments or view points.

JustinStep@yahoo.com
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