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Biotech / Medical : Trinity Biotech (TRIBY)
TRIB 0.897+1.4%12:53 PM EST
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To: Ron Luhmann who wrote (8859)4/7/1998 10:40:00 PM
From: Decci  Read Replies (1) of 14328
 
Ron, My take on the larger bid/ than ask not moving the
stock is that TRIBY investors put in limit orders only.
These limit orders must be much lower than market.
The MM would move the stock but there are no market
orders to move it up. Market buying means--buy at any price--
this will cause the stock to move. Right now there
is obviously no buyers willing to buy TRIBY for full price,
however, it is encouraging that there are buyers willing to
buy big chunks at a discount. I have been critical of MM
in the past, but they can't sell a stock higher than it
will bring. WIth low volume, when this stock moves lower
to pick up the low bids it will most likely blow lower still
on market selling with increased volume. OUT
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