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To: Toby Zidle who wrote (4484)6/15/1999 11:49:00 PM
From: Toby Zidle  Read Replies (1) | Respond to of 4767
 
BIG trading day today!!! 100 shares sold at 14 cents Bid.

Seller grossed $14. I hope his commission wasn't $15! Why does anyone sell 100 shares? For $60 tax loss? I guess I'll never understand.

Should I be amazed or amused? Or maybe ithasnospaces decided to exit.



To: Toby Zidle who wrote (4484)6/18/1999 3:07:00 PM
From: Kelly Igou  Read Replies (1) | Respond to of 4767
 
You know, it strikes me that, in the absence of real buying pressure, the MMs are loading up their inventory, shaking out weak hands.

At some point the weak hands will be reduced to a minimum - then of course, the MMs will begin increasing the price again.

I just wish this low-volume "distribution" phase would finish up.

Perhaps a good drop of the bid/ask to below book value might do it...


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