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Microcap & Penny Stocks : CRYOPAK CII.V
CII 23.29+0.3%Dec 9 4:00 PM EST

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To: Brian MacDonald who wrote (154)4/14/1999 6:57:00 PM
From: Brian MacDonald   of 298
 
Well that was an interesting day! House 16 - Yorkton - was very busy this morning dumping CII in chunks of 10,000, 20,000 and more and helped to drive this infrequent trader down as low as $0.68. I guess when buyers started to appear, they (i.e. Yorkton) then started buying and were able to find willing sellers of similar size orders on the way up.

I wouldn't have thought that there was that much overhang on this stock, but there you have it. We traded 448,000 shares in 53 trades - or almost 9,000 shares per trade - and managed to close up $0.08 at $0.85.

As this is about the tenth time we have been at this level, and anyone who wanted to sell has been given a chance today, we should soon (maybe tomorrow?) break out of this range and head to new and higher prices.

Brian
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