James,
Early in the day somebody sent me the tape and it had 4 10k blocks at the bid and 2 1k blocks at the ask. But the bid held firm at 9/16 the whole time. We speculated as to whether this was short-covering by the MM's, but it wasn't clear. Then the bid fell away on the next 6 trades (about 10k total). Why? I'm still a novice tape reader, but it seems like they would have dropped the bid on the first 80% of sells for the day. Why on the last few shares only? IMHO, it either was short-covering and they were playing games to get more, OR there were even more orders being stacked up to sell after those first few blocks went through. I honestly don't know (and would appreciate another person's opinion).
To put it in perspective, the whole day's trading only covered about $30k. Not a whole lot and NOT what I would call a trend. <G>
On another note, I sent Peggy some e-mail asking about lawsuit, GNC, pet supplement approval, etc. Her general reply: NO COMMENT. Gee, she's awfully quiet..... <G>
Methinks Immudyne is still chugging along.
Jape |
