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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Lee Walsh who wrote (23388)	1/30/2000 2:40:00 PM
From: Investor Clouseau	Read Replies (1) \| Respond to of 150070

>>>One thing that I noticed with EISQ on Friday was that more shares were traded at the bid (bought by the MM's) than at the ask (sold by the MM's) I think that is one of the first times I have ever seen a stock trade that much volume and be up 100% with that happening... << Institutional buying. :) IC

To: Lee Walsh who wrote (23388)	1/31/2000 12:34:00 AM
From: Eric Fader	Respond to of 150070

Two problems with that analysis: 1. The tape was very late on EISQ much of the day, up to 10 minutes or longer at times, and it was very difficult to tell where the bid and ask had been at the time a trade was made vs. when it was printed. 2. Many people trade through MMs and can buy at the bid and sell at the offer. I'm not an institution and I do that whenever possible. And BTW, MMs generally don't hold like to tie up their capital holding inventory in OTC-BB stocks. Selling short and then covering is the typical method of making a market, much more common than the reverse.