ALFN - Toy Store On The Internet Message Board

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Microcap & Penny Stocks : ALFN - Toy Store On The Internet

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To: M. Dion who wrote (130)	2/9/1999 1:30:00 AM
From: paulbk	Read Replies (1) of 2136

M. Dion, Just noticed some more Level II info: AXCS was the best ask 38 times today(leading all sellers),lining up to buy at the bid only 10 times. His buddy BISH was best ask 22 times, best bid 0 times. Very revealing IMO when a MM shows up 22 times to only sell stock,posting 5000 shares each time and staying on the ask all day.Contrast this with with say,NITE who had a more balanced attack, 20 times best buyer,19 best seller reflecting his position as the company that handles most,if not all, of the order flow from Waterhouse, eTrade and the other web "retailers".He's just doing business while the lopsidedness of AXCS and BISH tips their hands. Certainly will be interesting to see what happens when they finish up dumping,best,p.b.

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