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Microcap & Penny Stocks : Saliva Diagnostics (SALV) -- Ignore unavailable to you. Want to Upgrade?

To: Shadow who wrote (3196)	9/2/1999 1:25:00 PM
From: IBMikey	Respond to of 3369

could someone 'plain something to me. On Aug31 we go up 4 cents on 166,500 vol. today we go down 4 cents on 300 vol?

To: Shadow who wrote (3196)	9/2/1999 3:35:00 PM
From: John Lacelle	Respond to of 3369

Shadow, You are correct in that I am a bored toady. I was just wondering if you could become an unofficial market maker by just picking up a pile of this skunky stock at the bid, and then letting your electronic broker farm it out at the ask. However, I remember now that these OTC stocks have to be done over the phone. Those spreads just look so juicy that I always wonder how to take advantage of the situation. Now that my senses are back, I rember that this is the same theory that many daytraders operate under. These guys watch stocks with heavy volume and a high beta. Since they can see all the orders as they que up on the screen they can get an idea of which way the stock might be headed over the next few minutes and they try to make money off of those temporary situations. Of course, what kills the day traders is these guys who come along and dump or gobble at the market. They send the price into wild swings which often go against the day trader. You are correct though, that it is almost impossible to daytrade a penny unless you are a broker. -John