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Microcap & Penny Stocks : E-COMMERCE by JVWEB, INC. (OTCBB:JVWB)

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To: Impeccable who wrote (210)2/9/1999 7:04:00 PM
From: John Flaherty  Read Replies (1) of 767
 
Impeccable- First of all I believe that OTC stocks volume is only half of what is shown at best. Lets say that I sell 5000 shares to the MM and then he sells them to you, we see the volume as 10k but only 5k traded hands. I believe that's why you can half all volume on the OTC stocks. On top of that we could have some people buying and selling stock more then once in a day, so if I started by buying 5k then I sold them, then bought them back again and sold before the close the volume would show 20k for those four trades, yet I have no shares at the end of the day and those original 5k are back in the MM hands just as they started, but it added 20k to the volume. Plus the fact that the MM could sell back and forth to each other to make it look like the volume is up. I'm also sure there are other ways to make it look like more volume then there really is, if the MM want it to look that way. I would guess that the true volume was less then 150k. That's my understanding, I hope it helps. John F.
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