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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: NTT who wrote (23108)4/20/1999 2:53:00 PM
From: Cameron  Read Replies (3) of 37507
 
Given the volume up here... over 6mm shares.. I would suspect that the downturn activated a lot of stop losses... fuelling MM efforts on NAS to hold the price down as they took house positions. I'm sure the gap down surprised a lot of people and shook them out. Most of the activity here occured before noon as well (5mm shares).

Those left in are probably a bit thicker skinned (and/or bought cheap) and are now going to sit back and wait. Time will tell but now that positions are taken I'd expect to see some upward momentum.
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