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Non-Tech : BJ's Restaurants Inc.
BJRI 36.42+0.4%3:22 PM EST

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To: Lhn5 who wrote (240)9/15/1998 12:33:00 PM
From: Wowzer  Read Replies (1) of 865
 
I think you are on to something Larry. Current ask is 1 11/32 we should pool our interest and just buy the company and get the whole shabang for 8.6 million which is about 1/4 of sales. It is really interesting to see the price drop lately. It is not due to sellers, but a complete lack of buyers. Volume has been pathetic to say the least. Almost every time some one buys at the ask the price drops. i.e. yesterday someone bought 10,000 shares at 1 1/2 at the ask (bid was 1 7/16). Within one minute after the transaction the bid dropped to 1 5/16 and ask 1 7/16. Same thing today someone bought 600 shares at 1 7/16 and ask immediately drops to 1 11/32 total volume was 1,300.

Oops I stand corrected 10 trades just went or 33,400 shares, as I was typing, pushing the ask up to 1 9/16. MM's still trying to steal shares with the bid at 1 5/16 though.

Rory
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