SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?


To: Mike Ankley who wrote (3399)5/5/1998 5:25:00 PM
From: Secret_Agent_Man  Read Replies (2) | Respond to of 50264
 
Quote com is not accurate, Rico, can you provide some insight?



To: Mike Ankley who wrote (3399)5/5/1998 5:41:00 PM
From: MARK BARGER  Respond to of 50264
 
Mike you are right, I do not normally trade the BB stocks and just realized that the afterhour trades on quote.com were 1000 share trades not the 100 block sizes that you see during trading hours. Sorry, folks but my figures are off by a factor of 100, that's all <gg>.

It made sense that MM's would cover after trading closed, but they bought 1000 shares not 100,000 shares....a slight difference.

At any rate, with the buys outweighing the sells by such a wide margin
the MM's will run out of inventory sooner or later. Taking the bid lower will only encourage more buying, further depleting their inventory. I don't know exactly their situations (the MM's) but as long we have more buying than selling the price will eventually go up.

I have watched the trading off and on for a couple of days now and have never quite seen this type of seemingly bullish buying result in a lowering of the price. Unless this stock is a complete con, this stock looks like a low risk/high reward stock right now. IMO it's just a matter of time before the MM's have to raise the bid/ask.

The more I think about it - it's crazy. They are selling shares at 7 7/8 that buyers would be willing to buy at 8 and 8 1/8 and it's just a matter of time before they run out of shares from the lack of selling.
They are doing a lousy job of trying to shake out the weak hands.

We'll see what tomorrow brings. Remember there is no such thing as a sure thing. I would be happy for a double by the end of the year, but will stick around to see how the fundamentals shape up.

Mark