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To: stock4U who wrote (210)4/23/1998 12:27:00 PM
From: Novice Bob  Read Replies (1) | Respond to of 8242
 
It really looks like the MM's are lacking inventory, over 3 million traded yesterday, over 2 million so far today, nearly all buying and the price continues to drop after the 10 AM pull back. I think this is a clear sign something is up. Stocks never only go straight up, so just hold on, people realize the value of this stock, as evident by the continued buying. The only reason it would move down under these conditions is because some MM needs shares, so they shake them out by dropping the price (do you see selling to support a lower price???), once they get what they want, it will start to go up again. (IMHO)



To: stock4U who wrote (210)4/23/1998 12:30:00 PM
From: xclently  Respond to of 8242
 
Seen some wide spread at times, but this one is just too funny...(the site, an on-line broker, often showed wide spreads yesterday when others showed .o1 cent....

Price1.47 change -0.01 vol.4,227,700 BID 1/8 ASK 2.90 at12:27... now that's a spread!

I don't know, it struck me almost as funny as all the rationalizations today...I just had the feeling to bail on the open, and then buy back..and I screwed up in that respect, even if the stock goes to $20 or ___ (fill in the blank)