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Microcap & Penny Stocks : Gator's Picks from the Swamp

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To: myturn who wrote (302)3/2/1999 9:14:00 AM
From: Gator   of 616
 
On CRNC, I only see one MM sitting on the $1 11/16 ask. After that, it looks like the next stops are $1 7/8 (2 MM's), $2 (2 MM's), and $2 1/8 (1 MM). Any buying this morning will get us over $2 easy today. Float is only around a million shares, we've turned that over the last 3 days. Wouldn't be surprised if some MM's are left short from filling buy orders without having the stock in inventory. They'll have to cover their positions, which I would bet they would want to do today to avoid risking a run-up in stock price if good news comes out.

Gator
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