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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?


To: Rashid Garuba who wrote (12699)11/4/1997 3:21:00 PM
From: Tom R. Clarksburg  Read Replies (1) | Respond to of 55532
 
TOO ALL:I got the feeling the MM shorted 40-50K shares today in order to keep a lid on the upward movement. I noticed over 20K shares at 3.25 without an increase in the ASK price.

They were hoping for some selling to cover today's shorting activities, however since there has not been much selling, I have a feeling that they will have a mad dash in the next 45 minutes to cover today's shorting. So the stock price close between 3.375 and 3.50 should be in order today, with an outside shot at prices above 3.50 if new buyers step in because they anticipate a gap up tomorrow AM.

GOOD LUCK ALL LONGS
TOM