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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?


To: David W who wrote (2817)8/3/1998 8:46:00 PM
From: jpbp  Read Replies (1) | Respond to of 15313
 
I could be way off base but I don't think we can look at size of trade (like one can for many other stocks (for example one person reported that a measly 3000 share buy was done in three parts....one gave them 500 one 1000 and one 1500.

This stock is very tight and I just don't believe buyers can position themselves quickly like in the olden days without creating much of a stir.

Tell you one thing....you put a buy order for 20,000 or 50,000 shares at market and what do you think will happen. As tight as things are....I bet you pay a .10 spread on the way up.....

It's just flat out difficult to buy in large quantities in this stock and so I believe we will have to look at other indicators.

Just my .02 FWIW

jpbp

(On the other hand I'm sure a 25 or 50K sell gets gobbled up whole without an afterthought....what do ya'll think??