Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations! -- Ignore unavailable to you. Want to Upgrade?

To: steve who wrote (2637)	7/31/1998 8:57:00 PM
From: dealmakr	Read Replies (1) \| Respond to of 5847

steve, Welcome to the OTCBB where reality and perception can be adjusted greatly. We control the horizontal and we can control the vertical, remind you of a tv show. You can definatly buy 100 shares at a time at the ask price of the stock and with this spread at .40 to .45 the total market capitalization of the company would increase by about 11% as a percieved value for someone looking at a last sale price. The same goes true on a sale from .45 to .40. You can't however pay more for the stock than where the MM has it offered(even though I'm sure they wouldn't mind one bit). You can't set the price for what you would pay as it would violate the NASDAQ market making rules. The trading has to occur between the current bid and ask spread unless its for more than the size limets offered there. You can offer to pay less than the bid or sell at more than the offer with limet orders, but there is no guarantee they will be traded unless the market moves in that direction and gets your limet order filled. For example if you wanted to sell 1000 shares at .50, the MM's don't have to take your order until the bid hits .50. They may take your order prior to that, but are not required to. Todays trading was an example of how volitile percentage wise this stock is. Volume today was smaller than the last couple of days and the closing price of the stock showed a 20% drop. IMO the MM's were trying to induce selling to cover and played very well today. You have to notice all of the stock that was Bot over the last week. They have to cover some of that at any sign of weakness. The wide spread is an indication to me of lack of inventory and an attempt to walk down the price. IMO the trend is still intact, it can't rock on forever without a breather once in a while. I will look for some basing and backing and filling before another attempt at .48-.50. This is just my opinion, but I did think that we could have become a little overbought here. Its healthy on a long term basis to have some resting periods and some tests and retests of support and resistance. A lot of strong hands have come on the scene lately and a lot of old hands remain strong. It can be frustrating though for those that have paid more than .50 to see the percentage changes that occur with the volitility. I hope that everyone has the same longer term views of the potential of the company, but to each his or her own investment decisions and risk taking must be. If you were on the CC you heard where Yost wants this company to be sometime in the future, its a far ways north of here. IMO it should be an interesting trip, not just straight up, but up,down and all around. Dave PS: If you have the time check into this site for MM info on the OTCBB nasdaqtrader.com