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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?


To: JIN CHUN who wrote (37)11/13/1997 3:33:00 PM
From: John Fairbanks  Respond to of 27968
 
I think we're seeing accumulation going on... sure are a lot of big
transactions going through right now. I;d imagine the spread narrowed
as much as it did to facilitate some moving of large blocks of stock.
Now we're back with a 2 cent spread again.

I added to my position this morning and am expecting to be VERY happy
about it in the months to come! :-)



To: JIN CHUN who wrote (37)11/13/1997 3:36:00 PM
From: CO  Read Replies (1) | Respond to of 27968
 
Yes, there has been more volume lately, but there has also been some selling. Perhaps they're impatient. Personally, I have been pleased that the price has been holding.

Today it appears, that there is starting to be more buying.

Right now the price was just at .195 x .20. This would indicate to me that the MM's are wanting to buy some shares.

The float could affect the price movement. But personally, I think the more important issue is that the outstanding shares DID NOT increase. After all, this is the number used to figure the EPS.

In my opinion FAMH is a solid stock. It will have it ups and downs. It may not move as fast as I would like it to at times. But when they get financials out we should see it start to move up rather quickly.

Cheryl



To: JIN CHUN who wrote (37)11/13/1997 4:07:00 PM
From: Kenneth Munson  Respond to of 27968
 
Hi Jin, a .03 cent spread on a penny stock is very good. Typically,
you will find .05 to .06 spreads. i.e. FIXC maintained a .06 spread
until it hit the .75 range. MISM has a .12 spread; The brokers who
handle the floor trades need to make a buck, otherwise, we couldn't
a complete our trades. Penny Stocks are tough to trade. IMHO Ken