CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS Message Board

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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS

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To: Suzanne Newsome who wrote (737)	9/18/1998 11:55:00 PM
From: Cavalry	Read Replies (1) of 1637

the first thing a bid of 2 cents tells me when other mm's have bids of 6 cents is that they dont want more shares and it is not a sign of confidence considering they are mvee's investment banker, however they may have tons of shares because they were holding the bid up trying to help mvee by stopping the selloff since we didnt watch them during drop from 40 cents to 6 cents its hard to say all you can say for sure is that they are not looking to buy more shares. whatever they have they will take 7 cents, the going ask, they want to sell what they have why i cant say, oversupply or underconfidence mvee looks good to me but i am not an mm maybe someone else from the thread has an opinion on this here is the link to mvee level 2 for today Message 5787233 cav ps seeing two sharpies like nite and wein on or close to high bid tells me they want shares and they think at 6 cents they will be able to sell them for more in the not to distant future.

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