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Microcap & Penny Stocks : HDST Headstrong Group Inc
HDST 0.00Dec 20 4:00 PM EST

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To: Hal who wrote (220)6/3/1998 12:46:00 PM
From: FARRIS  Read Replies (2) of 389
 
THis is the price range where people do not want to buy OR sell. The MMs know that if they go much lower, we will be in there buying. Over the past few days, the net has been a lot of buying and not a lot of selling from what I have seen. They walked the price down on about 1/3 of the volume that caused the stock to move up. So, IMO, 2/3 of the stock is still in somebody's hands. My figures could be off a little, but they are in the ballpark. This is typical stuff, just hold on and wait for something real to make this one move. The MMs are hoping the traders who still own this one will eventually sell out of boredom so they can pick up cheap inventory for their next little run. This last run was obviously not what we hoped it would be. The real deal will happen sometime.
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