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Microcap & Penny Stocks : Ben Ezra Weinstein (BNEZ) -- Ignore unavailable to you. Want to Upgrade?


To: Ellen who wrote (2925)10/1/1998 1:36:00 PM
From: Leroyt  Respond to of 9391
 
Ellen,

That's my point. I picked up some shares this morning but if we aren't willing to then the price will decrease until the MM's find a point where buying is stimulated.

Elio, I think the company has given us PLENTY of news! Maybe next week there will be more but don't expect it before then (I would think). The company's biggest task now is to get the product out and complete a LOT of sales.

If you are an investor and want to help the company, become a beta tester for PMA.

later, leroyt



To: Ellen who wrote (2925)10/1/1998 1:38:00 PM
From: Michael Harb  Read Replies (4) | Respond to of 9391
 
Not a buy above the ask. Trade went at ask 30 minutes ago...20 minutes later the ask dropped. I agree wholly with Leroyt. This is not MM games. It is the temporary drying up of buying. They will lower their spreads until they meet a level where there is some activity.

All this "oh they dropped the ask on a buy" manipulation crying is garbage. Doesn't matter what the "last" trade was. It matters what is pending out there. If there is no buying pressure behind it, they may well drop the ask. Remember the MM's all compete with one another to make trades. If the ask is .55, a buy goes through at the ask and the ask drops...that's usually not the same MM that drops the ask but another one that wants to sell too and to get in the market, he must beat the current best ask...

Funny how no one cried manipulation on the way up?