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Microcap & Penny Stocks : Dollar and Under Sleeper Stocks -- Ignore unavailable to you. Want to Upgrade?

To: melinda abplanalp who wrote (1138)	10/24/1997 9:57:00 PM
From: Ga Bard	Respond to of 8835

You are absolutely right. momentum and strange trading by the MMs caused it on mild volume for the past two days. They raised the ask trying to get folks to sell at the lower mark and on a sell raised the ask. Lots of people selling at market and raising the bid is a flag that created a panic buy for every bit of volume it up ticked. The movement hit or triggered alerts on momentum and other short term traders causing it to soar. I watched every trade all day on real time. Once it reached .20 on the ask Major selling started but was offset by major buying. Remember it was at .06 -.09 just two days ago. . Once it hit .21 then more selling started and some poeple were still buying at .23. However the selling now took presidence over the buying and dropped the ask to .22. One reason is no one sold at the market. Now you can look at this way It may go to .40 Monday I do not know but I think the risk of it being at the top to much for me. I do not know about this company except a rumor of a merger is all. The trading maybe is the result of that rumor. But what do I know and who can explain things like this. Thanks GaBard