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


To: otcbbbaby who wrote (4257)11/2/1998 5:41:00 PM
From: Leroyt  Read Replies (1) | Respond to of 9391
 
otcbb,

From Level II you can't find out the buys and sells. The transaction logs I have shows the bid/ask and then trades following that. Every time the BID/ASK is changed (best bid and ask) that number is printed on the log but you'd have to follow very closely to see who is doing what and if there are two or more MM's on the Bid or Ask, you never know who is doing what.

Overall, the trades seem pretty balance although in the latter part of the day (when we went down to 0.25 x 0.28) there was very little selling pressure. Also, earlier in the day, when at 0.36 x 0.39, there was VERY little action and we dropped to about 0.33 x 0.35. A lot of this may just be MM's trying to outmaneuver each other when there's a LOT of volume.

As I have said before, MM's make MOST of their money on the HIGH VOLUME and the spread. With the AOL news, the volume will be LARGE.

Total volume today: 1,226,300. That is a LOT of volume.

good luck to all and later, leroyt