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To: Silicon Trader who wrote (250)1/8/1998 1:01:00 PM
From: Musya  Read Replies (1) | Respond to of 7701
 
Its much better to set limit orders at the ASK and support the company and the price. IMVLO

Come on, MBA. Everybody is trying to get in at a better price. If I have a chance of getting in at .38, I'll not buy at .40. If the company is good, and it seems that NRAG is, the news will be the driving force of the price, not the plus/minus 2 cents of the difference that occurs when people buy at the ask or inbetween the ask and bid.
Just market forces at work, that is all it is. Buying higher than you can - just throwing the money away, because the market will behave as usual anyway, and "usual" means that everyone plays for himself only, and is not trying to make the fellow investor reacher.

JMHO.

Musya.

P.S. 5,100 of those 63,000 buys are mine.



To: Silicon Trader who wrote (250)1/8/1998 2:12:00 PM
From: Carl Jackson  Read Replies (1) | Respond to of 7701
 
MRBIGAIR

The MM shouldn't be holding that much stock at these levels. At least not stock they accumulated since the October run up. I believe the bid only hit below 35 cents once since then and very very few shares traded. Isn't it odd that we have 63K of buys and the ask doesn't move and them we have a 200 share sell and the ask drops a penny. I'm not a conspiracy theorist but I just don't understand.

As a question to anyone who knows. Is there any way of finding out how many shares a particular stock's MMs (or an individual MM) are holding in that stock. What is considered average in a BB stock like NRAG? Is it loosely linked to average daily volume, or the probability of news or drug induced visions? I know in the past we have done some mental gymnastics over how short or flush the NRAG MMs were but it appeared to be pure guess work.

This may be my own drug induced rememberance but someone mentioned some publication which, I believe, listed the number of shares of a given stock that was owned (either in street name or individually) and thus one may be able to extrapolate the number of shares remaining in the float presumably held my MMs.

Any comments welcome and TIA