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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS -- Ignore unavailable to you. Want to Upgrade?


To: Suzanne Newsome who wrote (737)9/18/1998 11:55:00 PM
From: Cavalry  Read Replies (1) | Respond to of 1637
 
the first thing a bid of 2 cents tells me when other mm's have bids of 6 cents is that they dont want more shares and it is not a sign of confidence considering they are mvee's investment banker, however they may have tons of shares because they were holding the bid up trying to help mvee by stopping the selloff
since we didnt watch them during drop from 40 cents to 6 cents its hard to say
all you can say for sure is that they are not looking to buy more shares.
whatever they have they will take 7 cents, the going ask, they want to sell what they have why i cant say, oversupply or underconfidence

mvee looks good to me but i am not an mm
maybe someone else from the thread has an opinion on this
here is the link to mvee level 2 for today
Message 5787233

cav

ps seeing two sharpies like nite and wein on or close to high bid tells me they want shares and they think at 6 cents they will be able to sell them for more in the not to distant future.



To: Suzanne Newsome who wrote (737)9/19/1998 12:01:00 AM
From: CrazyTrain  Respond to of 1637
 
Hi Suzanne. If ALWC were supporting the stock then they would be raising the bid to offer us a level of support (buying everything that came in at the bid). They could also help by not being on the lower end of the ask. The ask is the price at which they would "sell" (short). I don't know for sure but I really don't think ALWC is shorting it, but someone else could be. They don't seem to be making any market that would help us either.

Anyone know if it would be a good idea at this stage to change investment bankers? Would it be hard to do? Is there an MM more suited to MVEE who would offer more support for the stock price?