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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (11137)10/12/1999 1:03:00 PM
From: Wizzer  Read Replies (3) | Respond to of 36688
 
ANC: General comment to all of you - As the price broke 30, there were only 2 or 3 offers in 1 cent increments then an offer at $1. I have seen this several times before on other stocks, and although I was not trading this stock, pointed out to my wife that this stock would move down quickly from here. The point is that often the market is caught off guard when a stock moves up quickly. As people have mentioned, large offers will almost always move in quickly at this point and drive the price back down. The depth being so thin on the SELL is a warning sign and indicates an exit point. It is not a healthy condition for a penny stock or any stock for that matter. Being aware of this would have saved money for those trading it and choosing whether to take profit or wait.

A valuable point IMO for the next time someone sees this condition, and may saved those caught holding the bag.

Regards, Wisam