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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?


To: Jonathan Lebed who wrote (10085)4/1/1998 8:03:00 PM
From: VBH  Read Replies (1) | Respond to of 27968
 
ALL

Guess I missed the excitement....and the fake release!

If it was as bad as it "sounds"...what comes around...*g*



To: Jonathan Lebed who wrote (10085)4/1/1998 8:04:00 PM
From: Double Dipper  Respond to of 27968
 
H/W post info about 5% ATXI shares
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Kevin,

I've noticed several comments on the board regarding the purchase by FAMH of the shares (5%) of ATXI. I think this was a very good move by Ira. At least one individual indicated that this may have explained the volume on 3/19. I don't think this is correct (correct me if I'm wrong) but I believe that the earliest FAMH could have purchased these shares was yesterday, after the public announcement of the targent company, otherwise the purchase would have constituted trading on insider information. This would explain the volume yesterday, as well as the strength in price, as 5% = 70,650 shares, and since each transaction is counted twice (1=buy, 1=sell), and assuming the market makers are not short a significant # shares, most of yesterday's volume came from this transaction 70,650X2=141,300 out of a total of 155,500 shares traded yesterday. A nice way to kill two birds with one stone (buyback shares and gain some control of ATXI).
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I won't post who is passing the info but it has been reliable.

Kevin