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Microcap & Penny Stocks : Liteglow (LTGL) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Jens Tingleff who wrote (2885)	8/15/1998 6:27:00 PM
From: AriKirA	Read Replies (1) \| Respond to of 4715

The close was probably the result of an MM tactic. The 30 000 shares were probably traded before they actually were registered. MM's usually like to keep an unregistered trade at the day's low price in order to kill any momentum. Thus, people that only look at the day's closing price rarely notice that the trade was at the lowest price of the day. This counters any possibility of a gap up. Let's say there's 8-10X higher volume than average and the closing price reflect's a 40% gain (1,40$) instead of a gain of only 10% (1,10$). There's a better chance for the stock to get noticed by the daytrader's even though in theory the day's lows and highs were exactly the same. It's just a question of keeping the stock low profile in order to keep shorting the stock and thus further frustrating the investors. AK