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Microcap & Penny Stocks : CDCH Cerro Dorado Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (24)	12/28/1998 11:47:00 AM
From: CIMA	Read Replies (2) \| Respond to of 958

I gotta differ with you on that one Daniel. There's approx 4.7M shares out of which 65% are controlled by management. That leaves about 1.7M public. I was accumulating all of last week and had a few friends doing the same. We could never get near the bid even when the market makers had a much tighter spread on the bid and ask. We pretty well had to hit the ask because the float is tight and the selling thin. The MM's aren't showing the real bids IMO cause I have friends telling me they have bids in at .45-.48. I think the MM's are thin in stock as well and trying to luck out on some market sell orders in an effort to pick up some cheap stock. They aren't having any luck either which is a good sign that there's strength going forward. Hopefully the new year brings news that will jump start the volume. It should move up quickly IMO with the tight supply and increased demand.