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Microcap & Penny Stocks : PACIFIC MEDICAL GROUP (OTC BB:PMGI)
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To: Highlander who wrote (151)4/6/1999 7:50:00 AM
From: The Osprey  Read Replies (1) of 421
 
Highlander,

I can confirm what has been posted on Raging Bull by WHITEAGLE. I received a call on Sunday night from the UK and was told that there would be buying coming into the stock this week as well.
One thing I noticed yesterday is that there appeared to be a huge effort by the MM's to pull this down and shake it but I think they may be in a tight situation right now.According to our President Gary Hill there is only 3 million in the float.Look at the trading the last few days or from the charts at .09 forward.
I should tell you that it took well over 1 1/2 hours to get a confirmation back from the exchange on shares I bought yesterday and I was bid above the ask.(not normal)Why?????If any sustained buying comes in early on this stock we will see a good sized jump IMHO as it is MHO that there are few shares left in the float and there is a sizeable short position.Watch them drag the bid this morning and try to take it down.

Another activity to watch is a large buy go through at the ask followed by a 100 or 200 share on the sell side to keep the price down.Enough said.It's going to be VERY interesting this week.

Wouldn't it be a slap in the face to the short side to see another contract announced pushing the earnings up above the .11/share they have now???????

I will go out on a limb and suggest we will see over 1.00/share by the end of the week if the buying materializes.PM me or post on the thread if I am wrong here.

To-day should tell the story.

Good Luck,

The Osprey
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