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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel -- Ignore unavailable to you. Want to Upgrade?

To: Andrew H who wrote (6607)	8/4/1998 11:54:00 PM
From: SC Anderson	Read Replies (3) \| Respond to of 14347

FWIW, I've been monitoring RNTK's Time & Sales for weeks and have concluded that much of our decline is due to a "Mystery Seller(s)" (sorry - best I could come up with). MS sells at market several times a day and has been with us for at least four weeks, maybe longer. If my estimates are correct, MS has sold several hundred thousand shares during this period. I thought he had finished up yesterday, but alas, he was back again today. He dropped the large block near the close today that downticked us to 1 1/16. Below is a sample of MS's footprint from Monday. Note an MM's 1 1/4 bid for 800 shares followed by sales of blocks "at market" of 10,000, 5,000, 2,500, 500, 100 shares. I believe the larger blocks are MS. Worst part is MS downticks us more often than not. The MM's aren't stupid, they can read a chart. They know somebody is selling and they're buying everything he's got (fortunately). IMO, it's actually been sort of an orderly exit considering the number of shares that have been sold. 8/3/98 14:52 Best Ask 1 1/4 800 S 1 9/32 4000 S 8/3/98 14:52 1 1/4 10000 S Trade 8/3/98 14:52 1 1/4 5000 S Trade 8/3/98 14:53 1 1/4 2500 S Trade 8/3/98 14:55 1 1/4 500 S Trade 8/3/98 14:55 1 1/4 100 S Trade 8/3/98 14:59 Best Bid 1 1/4 500 S 1 9/32 4000 S Of course all of this pure speculation on my part. I would appreciate knowing if anybody else with Level II and charts is reading this the way I am. For those interested in checking out Time & Sales charts, there's a JREwing on the Raging Bull RNTK thread that posts the previous day's Time & Sales chart. 209.67.31.6 Steve