Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : NCDR -- Ignore unavailable to you. Want to Upgrade?

To: Arthur_Porcari who wrote (1201)	6/24/1999 4:49:00 PM
From: Q.	Read Replies (1) \| Respond to of 1440

Ah yes, USAT, now trading at 1 7/8 in the pinks. It traded at 13 just before the SEC halted it on the BB. So it was similar to NCDR in its pricing. If NCDR opens in the pinks, the two cases will be much alike. Here's the historical pricing for USAT: 01/27/99 10.250 12.437 10.250 11.750 795,600 01/28/99 12.500 14.000 12.500 13.062 1,039,200 <<--last day of trading halted 10 days 02/12/99 60.000 60.000 13.000 58.120 1,157,700 << -resumes trading 02/16/99 6.000 7.000 4.000 5.000 577,700 <<- 2nd day, half of pre-halt From what Jay Fisk reported, it sounds as if the trades in the 50's on Feb 12 weren't bad prints, but they actually happened. FWIW, my broker has assured me that I won't experience a forced buy- in due to any MM manipulation or wide spread on the first day of trading after a BB stock moves to the pinks. So don't worry about me, Percarrie. I will sleep just fine, thank you. I'll dream about how the stock will trade at 1 7/8 within a matter of weeks.

To: Arthur_Porcari who wrote (1201)	6/24/1999 10:59:00 PM
From: afrayem onigwecher	Read Replies (3) \| Respond to of 1440

when NCDR is moved to the pink sheets............ My understanding of the above paragraph is that market makers can't make a market for the stock unless they have reasonable assurance that the company's financials reflect the current situation concerning the stock in question. Accordingly there has to be a new filing. If one market maker files under 15c2-11 and their application is accepted by NASD then others can currently piggy-back on their application a month later. However, this often a tough hurdle for a halted company to achieve. However, recently, a number of stocks (for example IBUY ) appear to have traded post-halt without the benefit of market makers. I believe they are trading through Instinet,when NCDR is moved to the pink sheets My understanding of the above paragraph is that market makers can't make a market for the stock unless they have reasonable assurance that the company's financials reflect the current situation concerning the stock in question. Accordingly there has to be a new filing. If one market maker files under 15c2-11 and their application is accepted by NASD then others can currently piggy-back on their application a month later. However, this often a tough hurdle for a halted company to achieve. However, recently, a number of stocks (for example IBUY ) appear to have traded post-halt without the benefit of market makers. I believe they are trading through Instinet,the pink sheets MM ECNs and/or internal brokerage matching of retail customer buy and sell orders without benefit of market makers. Unfortunately this often leads to a very volatile market due to the often large 'spreads' between customers' bid and ask prices. For example the price range of IBUY the first day was $7.00 to $25.00 on only 49.000 shares traded. Further details on IBUY trading soon after the end of the trading suspension can be found in: SHOPPING.COM SHS CASH SETTLEMENT AT Prices Available: 11/25/97 through 04/23/99 Ticker: IBUY Date __ Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 03/23/98 - 300,600 - 28 1/2 - 22 -22 1/4 temporary suspension Date- - Volume - High - Low- Close 04/07/98 - 49,100 - 25 - 7 - 18 04/08/98 - 37,300 - 22 - 18 - 21 04/09/98 - 14,200 - 22 - 18 - 19 3/4 04/13/98 - 15,500 - 21 - 17 - 21 04/14/98 - 43,200 - 22 1/2 - 18 - 21 5/8 04/15/98 - 19,600 - 23 - 20 - 22 1/2 04/16/98 - 45,300 - 26 - 19 - 21 3/4 04/17/98 - 46,000 - 25 - 21 - 21 04/20/98 - 30,000 - 24 - 21 - 22 1/2 04/21/98 - 15,900 - 24 - 21 - 21 1/2 04/22/98 - 8,200 - 24 - 20 - 22 7/8 04/23/98 - 8,100 - 25 - 17 - 22