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Microcap & Penny Stocks : INFE ... Infocall another Sleeper -- Ignore unavailable to you. Want to Upgrade?


To: Richard B. Haenisch who wrote (4472)6/9/1998 2:20:00 PM
From: Moonglow  Read Replies (1) | Respond to of 10343
 
Hi Rico!

I have a question. When you post watch those trades, do you see if a trade is actually a buy or a sell, or do you just see whether it goes through at the bid or the ask?

The reason I'm asking this is because if I were INFE, I would be buying my stock back at these lower prices, and I think that I read somewhere that in a company buyback the company has to sit on the bid and buy there. I know that I read that during a buyback that the company can not place buys that would make the stock go up.

Anyway, I'm just wondering if perhaps that 10,000 share trade that you saw wasn't actually a buy that was placed at the bid. The reason I'm wondering that is because with this low float, if someone had actually sold 10,000 shares all at once at $2....that would've tanked the price down lower.

One thing is for sure....it's holding pretty steady at $2 today. My guess is that once INFE finishes buying at these prices that an announcement will come out and that the stock will start flying again.

I sure am looking forward to the next fast upward moving day.

Juanita