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Microcap & Penny Stocks : PCPI--Cts. from NEC, CANON, MAtSU.

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To: dick rhodes who wrote (14)1/10/1997 10:54:00 PM
From: Robert Williams   of 72
 
Dick,
I suspect that we might have seen the bottom. Today, market makers made some unusual purchases. The first trade of the day was for 40,000 shares at 1& 3/32. Immediately thereafter the bid rose to 1& 1/8, where appx. 50,000 more shares were sold. Hmmm... Only one significant purchase occured-- at 1& 5/32 for 15,000 shares. Market makers are either buying for themselves or for clients. It will be interesting to see the outcome of this qrtr's. earnings... At least it is nice to know that firm contracts are in the pipeline.
Best Regards,
Robert Williams
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