Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Corporate Vision (CVIA) -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Levenson who wrote (266)	11/10/1997 8:11:00 AM
From: CO	Respond to of 6654

Dennis, I believe there were a number of large transactions that went through Friday at a price BETWEEN the bid and the ask. So it is difficult to know for sure if they were buys or sells. I was watching the buys and sells Friday on my Real Time Quotes. From what I remember there were some large buys and sells. Although I am not sure of the ratio on buys to sells. I think we may have had just as many buys as sells, maybe even a few more buys. If I can still access the information from Friday on my Real Time Quotes, I will let you know what I come up with. I do believe that with the new NASDAQ ruling, market makers have been allowing more transactions to trade between the bid and the ask. Cheryl

To: Dennis Levenson who wrote (266)	11/10/1997 10:27:00 AM
From: CO	Read Replies (2) \| Respond to of 6654

Dennis, I checked through Friday's trading log on my Real Time Quotes. I found that the 800,000 share trade was BACKED OUT and RE-RAN as two separate trades, one at 300,000 and the other at 500,000. The transactions you referred to in your post accounted for a TOTAL of ONLY 800,000 shares. The trades came through at .0193. The price these transactions were executed at, was ACTUALLY LOWER THAN WHERE THE BID PRICE was at the time the transactions were processed. It looks like someone may have intentionally been trying to keep the price down. I ran a quick tally of the shares traded on Friday. Here are the approximate figures that I came up with: BUYS ** 1,528,300 BETWEEN THE BID AND ASK?? 360,000 SELLS ** 1,165,000 (I included the 800,000 shares in this figure.) So there were in fact MORE BUYS THAN sells on Friday. Cheryl