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Microcap & Penny Stocks : Pacel (PLRP): If NASA likes them, shouldn't we?

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To: Trooper who wrote (2656)2/25/1999 5:08:00 PM
From: Ernest R. DeSaye Jr.   of 3171
 
One thing to look out for here is big block trades coming across BETWEEN the bid and ask. If you see them they are most likely sells. I say this because it's been my experience that when a stock is hot like PLRP was today, you'll be more likely to see the MM on the bid come off of it to pick up shares than the MM on the ask. Heck if a stock is hot, why sell it at a discount?? So where it appears that the MM's are walking the price down on just a few shares, in reality they may have been picking up large blocks between the bid and ask. I say this to you because I thought I saw some of that late this morning. I hope PLRP goes to the moon!!!
Ernie
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