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Strategies & Market Trends : The picks

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To: Steven Messina,L.M.T. who wrote (2009)1/15/1997 10:43:00 PM
From: p. webster   of 6124
 
RE: INNO

I'd sit on that bid---keep it where it was. Lots of reaction to news releases this morning, and 100,000 share sale late in day at 3/8. Tomorrow won't have news reaction volume, so better chance that it will be filled during lull periods. I worked the spread with my last addition, and it worked well. 100 day moving avg. is .32, and volume is still good. Sentiment is still strong, per thread. Low of the day is still higher than yesterday, (& recent past).

Did you execute an order re: USBL. That that's a place where MM are messing with the orders. No trading till late in day (1,500 total) The ask fluctuated several times 2 1/8----2 1/4 on no volume. Keep bid at 2. All orders were filled at 2.

Good luck.

P. Webster
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