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Microcap & Penny Stocks : Computerized Thermal Imaging CIO (formerly COII) -- Ignore unavailable to you. Want to Upgrade?


To: BigWave Dave who wrote (203)4/29/1998 7:14:00 PM
From: Mr. K  Read Replies (2) | Respond to of 6039
 
I watched the screen all day and I never saw a .10 spread. Although one trade was shown at .80 the range never got lower than .87 or higher than .94. I actually saw the .80 trade show up and I believe it was a entry error.

This steady day and the charts tell me that buying is leveling off with strong support in this range.

I checked with the company and an original shareholder with good sources. Both confirmed that there is a strong short position in the stock - so the MM's maybe are playing games.

The stocks I've been involved with in the past, with short positions, have always hurt the company. I've heard some shorts have lost big but I've never seen it yet. I hope we don't get some panic selling over the next few days!