RE: FAHN Once again FAHN on the ASK today.....selling (shorting). He's the only one filling shares at the current ASK of 1.437
Brian, you have correctly perceived the force behind the current roadblock to this stock's performance. But there is something I wish to be corrected: Its is a "she" that is filling buys at 1 7/16, as FAHN is one Paulina Fahnstock, Market Maker.
The pattern for the past three days follows EXACTLY what was laid out in my post of two weeks ago, number 954:
>>Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon. (My note: Sound familiar?)
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.<<
My guess is that this is the MM's throwing in the towel...once they have averaged their short up to whatever number they need to feel comfortable, they will come off the stock, and let it, heck MAKE it run to where it really ought to be.
In other words, right now, and for as long as this lasts, is a tremendous BUYING opportunity!
Craig, HeartSoft's goal is to be fully reporting by April 1st. I hope you get enough data to invest before then, though. We should have three 10QSB's out on or around 2/15/99.
3:32...who wants to bet that we'll finish on a downtick? 10 to 1 says we will.
But it won't mean a thing.
Cheers!
Rick |
