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Microcap & Penny Stocks : EDIS
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To: Tom Alan who wrote (1100)4/28/1998 12:54:00 AM
From: Paul Dickman  Read Replies (1) of 3043
 
I agree, this is crazy. Every time the company has good news, the stock heads south.ÿ Last week someone bid the stock down to .25 a share on a 200 or 300 share trade and an hour later someone was able to pick up 13,000 shares at the same price.ÿYou have to wonder who in the world trades 300 shares of a .25 stock! That is a $75 trade and it probably cost them $10- $20 just to make the transaction. No one make money doing that! And this is not the only time I have seen this, in fact over the past few months, there have been dozens of tiny trades which depress the price followed by larger buys. I don't know if this is just silly day traders or someone covering shorts. In either event, it does not help the Company. I talked to COO John Peel about this and he said they are very frustrated too. They may have to talk to NASDAQ to see what options are available.

In any event, they are doing the right things for a Company emerging from R&D into commercialization so hang in there for the long haul.
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