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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!

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To: .com who wrote (4628)3/4/1999 9:28:00 PM
From: Mike Sawyer  Read Replies (1) of 5847
 
I was watching the the time & sales and talking with David Hayes when the offer was raised to $1.25...both of us just laughed. David said that the weasels are playing games again. I don't have level 2 on BB's but I doubt that it was some monster order. Even had it been a monster order they would have been forced to fill at least 500 shares before they ran it up...unless the order was all or none...and who does that on monster orders? It just doesn't make any since. And that end of day 100 share order was just a Market Maker. David, can you explain why it is that the MM's paint a 100 share buy at certain times. Wasn't it something about becoming active on the stock after a certain amount of inactivity? I don't remember.

I think that there might be some market makers getting set in the event that BANY gets a good word from the SEC. But I say, don't count on it. We've seen that the SEC is never in any hurry. My guess is we trade 1 week after we get the green light...and the green light is 10 days away.

Anybody else have a guess...or a fact?
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