WR, LB and Friends. <b>NO HYPESTERS OR SCAMMERS</b> Message Board

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Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS

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To: Kevin McKenzie who wrote (929)	3/2/1999 5:18:00 PM
From: Tom Allinder	Read Replies (3) of 13776

IMOT is thin. Only about 600K tradable. Yes it does resemble BIDN. What happened today in my opinion is: We had an early runup then every time the bid hit 2.25 we had sellers. Then moved up to 2.375 or so and more sellers. BUT, all the while, people are buying and holding (like me) while the daytraders use up what shares there were available. At about 3:15 or so the daytraders were out, for the most part. Now comes the rush for those wanting to get in for the gap. By this point, the float had become very thin. As the MMs run short of shares they have to keep raising the bid to get sellers. But there were too many buyers and the float was pretty much gone. Same thing with IHWY and BIDN. The best stocks we have here are solid, real companies with news and floats of 1M or less. A lot of people sat and watched IMOT today. By the time it really started moving it was too late to pull the trigger but many did anyhow. This will encourage more buying tomorrow because every one knows what the previous two picks by Lance and Wayne did... IHWY and BIDN. IMOT getting a lot of attention on all the chat boards. Opinions? Tom

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