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Microcap & Penny Stocks : LifeOne, Inc. (LONE)

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To: Sam Matz who wrote (160)3/18/1999 12:03:00 PM
From: paper man  Read Replies (1) of 1834
 
Sam. Currently, whoever has been taking the buy orders over the last ten days, mis extremely short. this is represented by the volatile move on the ask , and confirmed by the penny or two slide on the bid for only a thousand shares.

As far as them becoming real short today, I am not sure. But I know for a fact that for the past ten days, they have gotten real short.

You can always test this in an early run by placing a sell order for say 5000 shares... and when they are unwilling to fill it with all the buying today, its because they never had em to start.

If a balance of buying pressure persists, it will stay flat. I will not be surprised to see them down tick it 3 or 4 cents from here on very low volume. this has been a miny short sqeeze of a sort.

I will feel bad for the makers if thing ever crosses .40.

regards and good luck. We are probaly at the bottom of a good rally? Lets hope so anyway.

ps. when the makeror the broker doeanot cover real buys, they wont support any sells as they actually have to but the shares to cover the clients sell. If this perpetuates, look out.
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