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Microcap & Penny Stocks : NBMX - National Boston Medical (was FGRX) -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Fortune who wrote (363)10/23/1998 12:09:00 PM
From: xbrent  Respond to of 1286
 
People sell for countless reasons. Need money today, want to put money in another stock, margin calls, the selling of half of position plan, selling at target round number (.40) As long as the sells are a small fraction of overall volume the impact is nill. Such is the case with FGRX.



To: Mr. Fortune who wrote (363)10/23/1998 12:12:00 PM
From: myturn  Read Replies (2) | Respond to of 1286
 
Those who are selling are the one's who probably got in under .25 last week. That is over a %50 gain on their money.

Anyway the selling is minor. We have seen more buying over the this past week and that is why we are moving up. Just not as fast as we would all like it to, but it will eventually happen.

The great thing; FGRX has held its own over the past couple of weeks.

Whenever we do see a lull, we are not seeing the big swings we saw at first.

I believe the daytraders have moved on.



To: Mr. Fortune who wrote (363)10/23/1998 1:01:00 PM
From: Craig K  Read Replies (2) | Respond to of 1286
 
Interresting,,,,,I put a buy in at .40 and left for lunch...came back, it executed....looked at my timesales...the bid was .40 at the time...Dropped the bid to .39 immediately after my buy.....They tried to make it look like a sell and downtick the bid.....I bet the next trade at .39 was a buy as well....the downticked bid to .37 after that.....

Craig

Hmmmmmmmmmmmmmm