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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations! -- Ignore unavailable to you. Want to Upgrade?

To: brad greene who wrote (3413)12/2/1998 10:59:00 AM
From: Roo  Respond to of 5847
 
So what do you make of this? I see six trades go off one right after the other, and the tick trend goes up-down-up-down-up-down. Is this somebody trying to cover their tracks and stabilize the price by selling into their own buying? I think we all know that in the OTC market, downticks come a lot easier on low volume sells than upticks do on high volume buys. Is somebody playing it that way? (I don't have a log, so I didn't see the size of those six trades). Further... what do you make of the very next trade that was a downtick on 100 shares at .88??? Seems a bit bizarre doesn't it?

-R



To: brad greene who wrote (3413)12/2/1998 11:08:00 AM
From: R.D. Atkins  Read Replies (1) | Respond to of 5847
 
Brad,

I have a simple question (or not) that I hope you or someone on this thread can answer for me. BANY has been rather (over 200K shares)active this AM. Quite a few shares have been traded at .90-.92. My question is....Why would someone sell $88.00 worth of BANY (100 shares @ .88) when they could hold and get more. Is this just MMs' trying to get the price down, or what????

Thanks,
RDA


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