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Microcap & Penny Stocks : CYCOMM (CYII)-on aquisition trail -- Ignore unavailable to you. Want to Upgrade?


To: Don Parker who wrote (1379)7/13/1998 4:38:00 PM
From: Bullseye  Read Replies (1) | Respond to of 1800
 
Don : 2 seperate 10,000 share blocks were bought this afternoon on instinet at 4 1/4 (that's 5/16 above the ask at that time, because not enough shares were available at that time..)

Enjoy the ride.
Bullseye!

PS: Half a point or so won't matter to a portfolio manager if he sees some good potential in a stock. In this regard, the price may again gap up to 4 3/8 or so (I don't see any notable selling pressure left after today's action).

If a portfolio manager would be interested in CYI, he won't sit back and wait for taking in 1/8 or so, he will most probably decide to take a 5/8 premium and get all the shares in between to maximise his point of entry.