THNS - Technest Holdings (Prev. FNTN) Message Board

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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN)

THNS 0.00

Jun 7 5:00 PM EST

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To: sammaster who wrote (2993)	8/5/1998 10:41:00 AM
From: JOHN WHITE	Read Replies (2) of 15313

The MM's can and do drop the bit & ask and turn around and sell some of their own at the new lower bid and Walla! ..a new and lower plateau. They repeat this a few times to lower and lower levels and subsequently scare investors to start selling . I've seen this tactic start selling avalanches . Unless there is a very strong buying or selling bias they often move the price in the direction they want it to go. Looks like they're moving it down this morning to get more "cheap" shares for another run-up or they may be working the price backwards to cover some they sold at a higher price and didn't have . John

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