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Technology Stocks : Avalon Group, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Author51 who wrote (406)3/28/1998 5:59:00 PM
From: Madeleine Harrison  Read Replies (1) | Respond to of 1530
 
John, it's always hard to take the plunge when
the spread is the way it closed. I suppose one
just has to decide to do it if you believe the
stock will move. Richard and two other early birds
paid the .23 ASK this morning. Now it cost buyers more.
And as we get closer to company events, it will cost
even more, but at least the spread will tighten somewhat.
Leaving out the trades, here's how the price moved
during the day:

27. 5:23 8 V 29600
27. 3:54 8 0.200 - 0.312
27. 3:01 8 0.190 - 0.312
27. 2:23 8 0.180 - 0.312
27. 1:28 8 0.170 - 0.312
27. 1:27 8 0.200 - 0.312
27. 1:16 8 0.200 - 0.250
26. 1:52 8 0.170 - 0.230

Peace and good luck to you, too.
--Madly



To: Author51 who wrote (406)3/29/1998 12:14:00 AM
From: Eric Fader  Read Replies (1) | Respond to of 1530
 
John -- I know how you feel about the spread. If I were you, and wanted to buy some, I'd try putting in a limit order between the spread. No guarantees, of course, but I know of people (including myself) who got filled previously in situations like this. For example, an order to buy at .26 or .27 might work if a MM finds himself with shares he just bought at .20 or .19... or you might find that someone will go on the bid at .21 or .22 to try to induce someone to sell to him, so he could turn around and sell to you. Give it a shot if you don't feel like waiting for the spread to tighten.