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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Carl Yee who wrote (1158)	6/15/1998 11:14:00 PM
From: Sword	Respond to of 2506

Sorry if the time and sales don't all line up, but this is what I get for today's trading. PAMCE Date Time Price Volume Exch Type Bid BSize BEx Ask ASize Vl: 6/15/98 9:47 3.500 1500 Trade 6/15/98 9:51 4.000 1000 Trade 6/15/98 9:56 3.500 3000 Irg Trade Sold 6/15/98 9:57 4.000 1000 Irg Trade Sold 6/15/98 9:57 4.250 1000 Irg Trade Sold 6/15/98 10:06 4.250 2500 Trade 6/15/98 10:07 3.750 2500 Trade 6/15/98 10:08 4.000 2500 Trade 6/15/98 10:09 5.500 5000 Trade 6/15/98 10:26 3.750 5000 Trade 6/15/98 10:26 4.000 2500 Trade 6/15/98 10:45 5.000 400 Trade 6/15/98 10:45 5.000 200 Trade 6/15/98 10:49 4.250 200 Trade 6/15/98 11:22 4.125 200 Trade 6/15/98 11:46 4.250 600 Trade 6/15/98 11:46 5.500 5000 Trade 6/15/98 11:46 5.250 600 Trade 6/15/98 11:50 4.500 2500 Irg Trade Sold 6/15/98 11:50 4.750 1500 Irg Trade Sold 6/15/98 11:51 4.687 2500 Irg Trade Sold 6/15/98 12:00 4.500 2000 Trade 6/15/98 12:01 4.000 500 Trade 6/15/98 12:01 6.000 900 Trade 6/15/98 12:04 4.250 6000 Trade 6/15/98 12:17 4.000 200 Trade 6/15/98 12:19 4.500 200 Trade 6/15/98 12:22 4.000 500 Trade 6/15/98 12:31 3.750 900 Trade 6/15/98 12:51 4.250 1500 Trade 6/15/98 13:16 4.500 500 Irg Trade Sold 6/15/98 14:39 4.000 1000 Trade 6/15/98 14:41 4.750 400 Trade 6/15/98 14:44 4.781 400 Trade 6/15/98 14:47 4.781 400 Trade 6/15/98 15:50 5.000 2000 Trade 6/15/98 15:51 4.625 1000 Trade 6/15/98 15:52 4.750 4000 Trade 6/15/98 15:54 4.250 1500 Irg Trade Sold 6/15/98 15:54 4.250 3000 Trade

To: Carl Yee who wrote (1158)	6/16/1998 2:56:00 AM
From: Q.	Respond to of 2506

Carl, I think the quote services are quoting the last closing nasdaq price, which was Friday. The intraday prices (BB or pink sheet, not sure which) never got up to the Friday close. Here's an intraday chart: chart2.bigcharts.com

To: Carl Yee who wrote (1158)	6/16/1998 9:06:00 AM
From: Q.	Read Replies (2) \| Respond to of 2506

re. PAMCE, I talked to the director who handles IR - he said trades yesterday were through 'Instanet'. He's working right now on getting a BB listing, he said. I discussed with him the prospect of getting relisted. He said he was 'very much aware of the listing requirements'. He knew that they must meet new listing requirements, with the NTA requirement. He said he hopes to meet the new listing requirements for National Market. I pointed out that this requires at least $6 M of NTA, and I asked if meeting this requirement might entail smaller asset writeoffs than he had previously indicated in a news release as forthcoming in the delayed 10k, he said 'it entails a lot of things.' Can anybody tell me how instanet would work for covering your short? I've never knowingly used it. Can you specify to your broker that you want to make an instinet trade? If you place a limit order to buy at a low price, would anybody see your offer?