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To: PsycProf who wrote (13095)4/20/1998 6:54:00 PM
From: JIN CHUN  Read Replies (1) | Respond to of 27968
 
Psycprof: what a nice concept! Buys bring the price up and sells bring it down! :-). I don't know the answer, and if someone does, please post it. From what little I understand, all accounts once listing is set in stone must be settled before the conversion date. Does that also mean that the MM's inventories will also be converted?

Also, I'm not sure if the spread is a true indicator of the availability of shares and/or direction. At different times today, it was so small you couldn't get your hand through and at others you could drive a truck through it. The bid/ask size has also stayed at 25x25 for a long time now if I'm not mistaken.

Jin.



To: PsycProf who wrote (13095)4/20/1998 7:01:00 PM
From: luckyw  Read Replies (1) | Respond to of 27968
 
The reason I questioned the ability of the financials
to drive the stock up is that if someone happens to
be on the side lines or has some additional capital
ready to come in and buy, he has to try to determine
what it is that is going to cause this stock to go up
and come in as close to that event as he can. Obviously
it was not the Myaird deal, it was already in the price.
I am willing to bet that so are the financials.

The one item that will move this puppy is FIRM confirmation
that we are going to NASD and when. That will force the MMs
to cover and then they cannot risk futher shorting. The market
then will prevail, even before we get to NASD.

That would be my point of entry if I was on the side line or
had more money to futher invest.

Having said that , I don't so I can afford to guess.

Comment welcome. Lucky