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Microcap & Penny Stocks : ALYA Cost cutting system via software as well as security
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To: MeDroogies who wrote (1011)6/24/1998 5:23:00 PM
From: DrMedina1  Read Replies (1) of 2534
 
There are more buys than sells every day. Today about 250,000 shares moved in the initial upsurge around the news at the open -- almost all buys. Then, the shorters knocked it down on around 100,000 shares. The final 100,000 were again mostly buys. (All of these numbers need to be divided in half to get the real totals, because on the BB, almost every trade is counted twice -- once when it passes between an investor and an MM, and again when the MM's settle among themselves.)

That means the short position is increasing. The shorters think that this is a run-of-the-mill BB company with nothing behind it, and that we are run-of-the-mill Internet investors with no staying power.

Wrong on both counts, and I think today's trading demonstrated it. JMHO, but I think we'll see it moving up from here as the shorters move to lighten up and trim their losses.

And if they choose to throw good money after bad, I'll be right there to eat those bargain-basement phantom cookies, ahhh shares.

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