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


To: J.R. who wrote (1122)12/17/1997 1:19:00 PM
From: Milk  Read Replies (1) | Respond to of 6654
 
J.R., I think this stock will remain volatile until the merger is secured. Once it's done, we'll be getting larger investors IMO. For now, we only have a letter of intent, and CVIA remains a speculative play, that's why we mostly see small, emotional, trades, low volume, and price swings.
If I saw a major sell-off (100k blocks flying by on the bid side), then I would probably say "maybe we don't know something"..
Even if it drops to .02 (which I don't think will happen), try to buy a few hundred thousand shares at that price - the MM's will move the price up on you in a few seconds.. Same situation if you try to sell, and it's all because of the low volume. Not too many people are trading this stock. I think a lot more are watching for something solid before they jump in. And then... ;-)
Milk