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Microcap & Penny Stocks : MDU Communications Inc. - MDTV

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To: JulieNet who wrote (235)5/18/1999 8:59:00 PM
From: scouser  Read Replies (1) of 994
 
Julie, as you know , this is a BB stock, from my experience with MDTV, the bid/ask may not really be the bid/ask/ at any particular time, so don't let the price concern you. Some of the selling may be attributed to T/A selling, I sold some last week based on T/A and decided to buy them back today even at a higher price.
Here are some sellers for you.

T/A traders that thought it would go down.
Owners of large amounts of cheap shares needing cash. (see the 10sb)
People who bought a few weeks ago and are happy with 30%.
Hundreds of people who bought above $2 and don't like the ups/downs.
People who bought below $2 months ago and are concerned it may go down again.
Short selling.
The company needing cash to buy equipment ( how else are they going to get the money?)

Some or all of these may be true, I don't know for sure, however it happens all the time, thats the game. Big risk=big reward.
scouser



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