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


To: KZAP who wrote (3099)12/8/1997 11:16:00 PM
From: TraderGreg  Respond to of 11708
 
<I was wondering....can we now call this a long squeeze?> It's been a busy day and I forgot to tell you all something that my full service broker told me. Today our 4 mms who have been playing their games were SIMULTANEOUSLY ON THE BID AND OFFER, and at the same time too!!

The emphasis was of course more towards the Sell side but they were buying too. In other words, instead of them being in the mode:
short short short short short short short short short cover cover cover .... they looked more like short short cover short short cover....

It's almost like they didn't want to be too exposed at any point in time for fear of retail buying kicking in too sharply. Just an opinion, may not mean anything but my broker said she hadn't seen this type of action on CSMA before.

TG