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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?


To: TraderGreg who wrote (2603)12/3/1997 2:44:00 PM
From: TraderGreg  Read Replies (2) | Respond to of 11708
 
Many thanks to Joe for the info on why the bid hasn't fallen below 1.00--yet.

If MMs have to agree to buy 2500 shares at the bid instead of 500, it could make shorting risky. Say they short 500 at .90 but have to cover a minimum of 2500 at .95. Not too profitable. At these prices above $1.00 their exposure on each thrust is kept at 500 shares.

TraderGreg