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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: the Chief who wrote (14717)3/30/1999 12:54:00 PM
From: Sili Investor  Read Replies (2) of 37507
 
Chief, just thought I'd look into your idea about well orchestrated selling. I've got CSW with realtime and market depth. Also provides up to the minute broker sales info....I'm sure you have all that and more.

Anyways, what I see (I can't post cause it doesn't allow you to select and copy and paste is:

1) Only two brokers have sold NET over 30K of shares. They are: Research Capital and First Marathon. Research represents the primary seller today at 130K shares sold NET, 140K shares sold in total. First Marathon sold 60K total, 45K net. Looks like profit taking to me.

2) There are six brokerages over 400K in total transactions. Of those six, three are net buyers and three are net sellers. However, the buyers outweigh the sellers almost 2 to 1 in total shares net bought/sold.

So, my take. Doesn't look like orchestrated selling. Some profit taking occuring. Definite buying by the large brokers.

Just my opinion. Am I missing something?
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