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Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire! -- Ignore unavailable to you. Want to Upgrade?

To: KZAP who wrote (807)	6/17/1998 7:11:00 PM
From: Marc Stager	Read Replies (1) \| Respond to of 3584

re: What was the sells to the buys? I don't have a clear indication. It seems the .18 trades at 3:08 and before were buys and the .15 trades were sells. Notice there's a 3 hour lag from about noon to 3PM - when the b/a was .15/.18 at the 217,000 volume you posted at 12:51, one small buy at 3:06, and selling after. It appears one block of sales went at .13 and .12 in 10 to 25K chunks. There also appears to be some trading between MM's between bid and ask. And yes, that is all the trades for today. I double checked that noon to 3PM gap. It's correct. There's an intraday chart here: fast.quote.com The news was released on PR Newswire at 12:43 PM. The buying happened before the news came out and then there were three quiet hours. Then someone dumped. I don't think there was any serious damage done, and we'll be back up tomorrow. ___________________________________ MS