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Microcap & Penny Stocks : Gator's Picks from the Swamp

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To: callme who wrote (172)2/3/1999 8:22:00 AM
From: Gator  Read Replies (1) of 616
 
I know. The spread is nuts, but it's deceiving. Try putting in a buy in-between, it won't fill. With a couple thousand shares of buying, they'll move the bid right up. You can probably even manipulate the bid by placing a large buy order at or below the bid. MM's will see it and move the bid up just to make you worry that the stock is going to get away from you, hoping you will chase it. Easy to do on small float stocks.

Like I said, I've heard that some buying will start hitting this stock the next few days, and that an acquisition should be announced shortly. Hearing this from I.R. With the small float, it may jump right up to $4 or $5 in no time. Keep an eye on it. If you see some buys come in at the ask and/or the bid move up, then it may be time to jump in.

Gator
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