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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Mackie who wrote (12970)4/20/1998 10:52:00 AM
From: Alan Coccio  Read Replies (1) of 27968
 
Yes...moving down. The market makers had to lower the ask price to get some of their shares sold. They did this by underbidding SPIN. Once this happened, the price looked weaker and, as expected, a few sellers started hitting the bid and we collapsed a few cents. There haven't been many sells. Remember, the market makers are in competition with each other too and screw each other as fast as they'll do it to us.
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