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To: Gerald L. Kerr who wrote (8104)9/2/1998 7:18:00 AM
From: ChrisJP  Respond to of 14347
 
Anyone got an explanation that despite the volume, the ask never broke $1 ? From past experience, it only takes about 50,000 shares of buying to move this up 1/32 or 1/16. Someone was sitting on 1 yesterday.

As a test, I sold 2,000 of the shares I bought at 7/8 for 1. Only took about 15 minutes for me to sell at the ask. Any opinions ? Maybe there were a lot of people doing what I was doing (i.e. flipping for a stinkin' 1/8 of a point.)

Regards,
Chris