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 : AMCX - AMERICLEAN, INC. -- Ignore unavailable to you. Want to Upgrade?

To: Jay Bilotta who wrote (196)	9/16/1999 11:33:00 PM
From: Ron Struthers	Read Replies (1) \| Respond to of 223

Jay, from what I know the Nasdaq/OTC and pink sheets do not work like most markets. The market is made by market makers and low ask or high bids are not necessarily filled when trading is thin. Market Makers are basically securities firms that use their own capital to buy and maintain inventory of a particular stock, then resell that stock into the market. If an investor wishes to buy a particular stock on the NASDAQ, the order is sent to a Marker Maker, who fills the order from their existing inventory of that stock. The Marker Maker then makes money on the "spread," which is the difference in the value at which they purchased the stock, and the value at which they sold the stock. Orders can go at whim to these market makers at times. Quite often they will move the market up or down to create volume as that is their main interest. Quite often the market will move one way or another depending how long or short the market maker/makers are. Companies who have only two or three Market Makers do not get the same activity as those with more makers. Also, companies who do not have big name Market Makers, such as Merrill Lynch, Morgan Stanley or Goldman Sachs, may also not command the attention and trading activity to make them successful. Market Makers undertake other roles such as sponsorship of companies. The importance of having a good is seen also in their ability to attract attention to a particular stock. Market Makers may write research reports and increase the level of exposure in the marketplace for the companies they trade. If a stock has good market makers and a lot of them the trading functons pretty well. In the case of AMCX, I would say the number of market makers has thinned out or interest lost since they have slipped to the pink sheets. I have not heard from AMCX yet on the status of becoming full reporting and getting back as an OTC bulletin board stock, but a lot of this timing is influenced by the pace of Nasdaq. This is what I have for the last 5 days trading, but the service I have only shows actual trades for OTC listed stocks but not pink sheets. H L C Volume 19990916 Q -- 2.88 -- 2.25 -- 2.88 -- 0.00 - 12000 19990915 Q -- 2.88 -- 2.13 -- 2.88 -- +0.13 - 7500 19990914 Q -- 2.75 -- 2.00 -- 2.75 -- +0.13 - 14700 19990913 Q -- 2.63 -- 1.50 -- 2.63 -- +0.13 - 3400 19990910 Q -- 2.50 -- 1.75 -- 2.50 -- +0.13 - 16400 Ron