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To: taxgun who wrote (9908)6/19/1998 10:12:00 AM
From: Bruce Hoyt  Read Replies (1) | Respond to of 19109
 
JP, the .032 bid mark has been tough on us and other penny stocks in the past as a resistance point. It represents 1/32 and most online trading investors cannot enter a lower fraction and have to use market buy/sell orders if they don't want to call the broker, which costs more for most.

The good news is that once we can clearly break through that point the next resistance is at 1/16, or .0625.

Looks like another 3 million share day today.

Bruce