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Microcap & Penny Stocks : U.S. Microbics {BUGS} - Environmental Augmentation
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To: Sigmund who wrote (126)9/11/1998 5:01:00 PM
From: GY  Read Replies (1) of 345
 
Hello Gentlemen,

There has to be one individual lurking in the background that has been holding shares for a long long time, that is selling into the buying we have been seeing in the past week. It could be an individual. That to me is the most likely explanation. I would also say the selling is either through this persons shear desperation for a need for cash or just plain stupidity. With all the buying lately the stock would have been back to the $2.00+ level if not for all the sells immediately afterward. Why on earth would an individual sell at these levels? I don't care if this person bought the stock for a penny, if it were left alone for 1 week this idiot could sell at $2.00 instead of $1 3/8 and we would be back in the money! Here is the bottom line analysis:

The only time we see selling is when there is volume in the form of buys. What does that tell me? It is someone who has a large block of stock, does not want to drive the stock price down too much but just enough to keep investors at higher prices in, and someone who needs cash!!!!. Just who could that person be???? Management contends that there is no stock out. Well somebody is sure selling a lot of non existent stock!

I would love some feedback from you guys. Thanks!
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