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Microcap & Penny Stocks : ARET (Formerly KLHE) -- Ignore unavailable to you. Want to Upgrade?

To: (Bob) Zumbrunnen who wrote (2981)	12/23/1997 3:15:00 PM
From: (Bob) Zumbrunnen	Respond to of 4594

This is one of the most positive-looking days I've seen in this stock in a very long time. Sells at the bid have been in the overwhelming majority of trades, which might appear bad at face value. However, the bid has been holding very strong. It appears to me that, at least for now, there is an MM willing to take on quite a few shares at this price, whether anybody else is buying it or not. It could be that shares are being accumulated to fill a large buy, but I think it's more likely they're just being accumulated for future use. Taking lots of shares at the bid without dropping it has often been one of the important give-aways that higher prices are forthcoming, in my experience.

To: (Bob) Zumbrunnen who wrote (2981)	12/23/1997 3:20:00 PM
From: (Bob) Zumbrunnen	Respond to of 4594

Does anyone currently present have the ability to post the MM lineup? A ceiling alert I'd set for ARET just triggered a little bit ago but I'm not seeing details as to why it triggered. From what I can see, the price has not come up high enough for the alert to have happened. Nevermind. What triggered it is that a trade crossed at 10 cents for 10k shares. There was another 10k at the same price later. I'm sure the first was an error and the second was a correction. Something else I noticed is that the largest blocks selling right now are no larger than 50k. Most of them are much smaller. In fact, of all of the past 50 trades (going back to the last two trades on Friday), the only blocks over 50k shares have been buys. This is another sign I consider a bullish one short-term. Small investors selling while larger investors (and MMs) buying.