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To: MB who wrote (9072)10/20/1998 9:52:00 PM
From: Alan Coccio  Read Replies (1) | Respond to of 10903
 
Yes, MB, I still feel we could go lower but with one caveat in mind; I figured there would be a small selloff with the price rapidly dropping to around .125 and then quickly back up to the 20-cent range again before starting a longer term upward trend. I think it will be a very quick hit down there- perhaps for just a few minutes. OTOH, if a bunch of stock isn't dumped in a single bunch, we might already have seen the low which was today at 21-cents.

Herzog (HRZG) and National Financial (NFSC) are the two guys on the ask side of the ledger controlling the price. Knight (NITE) has been controlling the bid side but not with any authority.

I just keep thinking that all this stock being bought by the market makers on the bid side is going to have to be sold at some point at higher prices so they can get a return on their investments (what a concept!!). They haven't been able to get on the best ask so they could even up their books so they've been accumulating stock for the past 2-3 months. That's the only reason I think we're going to have another price run. It has nothing at all to do with the value of this company. What value?

Alan