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Gold/Mining/Energy : Procyon Biopharma Inc. -- Ignore unavailable to you. Want to Upgrade?


To: thebeach who wrote (182)11/18/1999 1:01:00 PM
From: thebeach  Respond to of 356
 
Afternoon update:
We have 65,000 shares on the bid and only 8,000 ask.
65,000 bid at .65
approx.64,000 ask all the way up to .78.

This is the imbalance all longs long for.



To: thebeach who wrote (182)11/18/1999 1:05:00 PM
From: Tim Cruise  Read Replies (1) | Respond to of 356
 
Nice bid of 65000 @ 0.65. I wonder which house?

Here is something to think about : You guys are thinking of the large size on the ask side as negative. This can really be thought of as positive. It can draw real buyers, not the 1000 - 2000 - 9000 share guys, the real buyers, into the market. If they think that they can get the shares, they may be more likely to hit the ask. If they think that by buying 50,000 - 100,000 shares they'll double the stock, then they'll need a new strategy.

Only my opinion, Tim