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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks -- Ignore unavailable to you. Want to Upgrade?


To: Del Eastham who wrote (12738)7/15/1998 4:51:00 PM
From: Brandt Maxwell  Read Replies (2) | Respond to of 13351
 
I have a question for this group...I noticed today that 800 shares of SEXI were traded at 1/10 of a cent. That adds up to an 80 cent transaction (not including any broker costs). I'm curious...why would someone make a trade that small? Is this an insider who wants to keep the stock at least semi-active? Or does this person really think he/she will make a good profit (well, if the stock quadruples, and the bid is at least semi-close to the ask, then that'll pay for a grocery item or two)? Or are there people (that can somehow avoid transaction fees) that buy like .50 or $1 worth of every sub-penny OTC stock and hope that some of them make tremendous leaps?

Just curious...Brandt