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Microcap & Penny Stocks : Compact Connection (TSIG) - The next CDNW? -- Ignore unavailable to you. Want to Upgrade?


To: Michael B Smith who wrote (1359)8/6/1998 1:58:00 PM
From: JGB  Read Replies (2) | Respond to of 1574
 
Does anyone think some MM's were listening yesterday? The Bid-Ask has gone down considerably (right now bid is .302). Looks like a powerplay to me! Theory: Some MMs driving price down (Vol. up rapidly since 11:00am)to capitalize on some near future upward momentum. IMO, this is a good sign for this reason -- Whoever is responsible for this downward trend is planning on a natural upward trend NOT a forced one. Bodes well for us longs, but some daytraders are going to have a hissy playing with this until natural market forces take over.

Naturally IMO only,
JGB