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Microcap & Penny Stocks : Wireless Data Solutions, Inc (OTCBB:SOLU) -- Ignore unavailable to you. Want to Upgrade?


To: Boob who wrote (171)4/30/1998 5:25:00 PM
From: MonteChristo  Respond to of 377
 
Boob, you are correct. The other factor at play here is that they had a very large stockholder selling shares in the market for the past several months. This drove SOLU down. It appears that he has vacated the position completely. This eliminates "selling shares" from the picture.

Looking at the action today, it was very obvious that the MM needed some shares. At times, they were almost desperate for someone to give up their shares. When the MM needs shares guys, this thing spikes like it has for the past day and a half. If there continues to be buying pressure on this stock before the news comes out and no one is willing to sell, this thing will rocket.

Company is very uncommitted as to the nature and timing of the news. We'll have to wait and see.