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Microcap & Penny Stocks : VLVT (was CSMA)

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To: KZAP who wrote (7188)5/14/1998 11:11:00 PM
From: dealmakr   Read Replies (1) of 11708
 
KZAP,

The big spread and downward drift of the stock says that someone has a bunch for sale. IMO when they are done, we go higher. Trading action is nil, remember this one usually had about a .02 spread and was pretty liquid. Its a sucker spread. I have been bidding at .46 last 3 days and no buys also at .47. I wish I knew how much was sitting at .50, the 10k buy this morning didn't do anything. If I pony up at .50, I watch the MM lower the ask to .49. Don't want to play that game. All my stock has been bot higher than where it is now. I do want to buy more, but I want to see if we are bottoming out yet. I still think that when the company clears up the merger issue and the well gets going, our valuations increase. I don't mind paying up for value either and still like the future, but lets get the issues resolved and move on to the next stage. Will be bidding .46 tommorrow again. If anyone has any timetable of events to unfold, please post.

Dave
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