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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!
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To: dealmakr who wrote (2532)7/23/1998 9:10:00 PM
From: brad greene  Read Replies (2) of 5847
 
David,

It seems that none of my trades are ever double traded.

I wonder if it may have something to do with new shares being registered and then sold.

I think BANY pays Sitra in stock and that Internet stock guide (for coverage)......as a way of conserving cash. Yost may be taking his salary in stock also....to conserve cash. ( different than his personal holdings, which he is not selling)

Folks must eat......so I wonder if this double trade thing may be associated with the newly issued shares being bought by the MM....and then sold by the MM at the same price..(two trades)...with a commission paid for the service. This would account for the trades going at the same time and the same price.

What do you think?.........I really don't know. I would like to know.

I played around with the MM all afternoon......after thinking that Mike might be right about someone taking in the stock......I placed an order to sell 10k at a limit of 35 good for the day when the bid/ask was 34/37. ( I would have bought them right back, folks......)

Anyhow....It sat there for the rest of the day..and was never filled.......and a 10k buy did go through at 37 at the close.

They did not want my shares, Mike.....even when the 10k buy order came in, nobody bought mine to clear a quick 2 cents. Someone must have sold the last 10k out of inventory.....(bought earlier, no doubt)

So I do think someone was sucking up the shares sold......but did not want mine at a penny more.

BANY "the company"...will be taking us higher....in the mean time figuring out the MM game is interesting.

bg

ps. I also wanted to see if my 10k....if executed would move the stock down. It would have been a good chance for a MM to walk the stock down....IMO.....one they passed on.

Hope someone can learn something from this.........and then tell me what it is!

bg
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