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Microcap & Penny Stocks : Microvision (MVIS) -- Ignore unavailable to you. Want to Upgrade?

To: gary richard skora who wrote (1174)	6/14/1998 3:24:00 AM
From: Bilow	Read Replies (1) \| Respond to of 7720

Hi gary richard skora; Regarding those MMs... I followed some of the action on my Nasdaq workstation. DEAN and EVRN looked to me to be short selling quite heavily. They were more or less alone the first day, but other sellers came in later. But those two MMs were definitely shorting piles of shares as late as Thursday and most of Friday. Whenever somebody put an uptick bid in, it was immediately hit with large size prints. But downtick bids were largely left alone. For that reason, I suspect short selling. Those two firms were pretty much the only ones at the inside ask who stayed when large numbers of retail (i.e. small lot) market buy orders came in. On the other hand, most of the sell orders were in 1000 share or even larger lots. Therefore, the institutions were selling, while the small guys were buying this stock. If these MMs thought that the price was going to run up due to the Discover article, they would be quite insane to drive the price down by shorting it in advance, quite insane. Not a chance. DEAN and EVRN either are representing clients who believe the stock is going down, or are hedging some sort of convertible debt offering. Has there been any private placement announcement of a debt offering? I didn't see any in a quick look. -- Carl