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To: eXiled who wrote (187)1/29/1999 7:42:00 PM
From: Larry Brew  Read Replies (1) | Respond to of 518
 
eXiled, Still don't think MM's here. The last time I checked real time, it showed the last at 1.15 with a bid of 1.21 and ask somewhere near. Really has little significance now if you show 1.15 - 1.16.
Monday's a new game and my number suggested a gap up.
I'll look again and see if it's still there. Last trade closed
out at 4:19 PM est. 5 X 5 is what I had also. Manipulation yes, but
I still say individuals with good timing and only a few. 20k is nothing at a buck or two. At $10 yes. Look at the intraday. It ripped up and back down fast. Not many cleaned up. I don't have each trade volume, but I'd bet there's no 100k, 200k blocks traded near two. That's MM kind of money IMO. Maybe the MM's aren't as financially loaded as I think. Do you know how many shares moved from 2.25 back
down to 1.4? We know some were on this thread. Be back. I want to look at my real time again. It's not the best. Me a MM. I know
a few here will get a kick out of that one.:-)
Larry



To: eXiled who wrote (187)1/29/1999 7:47:00 PM
From: Larry Brew  Read Replies (1) | Respond to of 518
 
eXiled, My Msft real time shows: last at 1.15 bid at 1.18 x 1.21 ask.
Volume was 5.651 million and 5 x 5. I say it indicates a gap up
Monday. We'll see.
Larry



To: eXiled who wrote (187)1/29/1999 10:40:00 PM
From: Michael Harb  Read Replies (1) | Respond to of 518
 
eXiled,

I was watching the trading real time. There was no manip like you are implying. The trades were printing several minutes behind the spread....As stock was dropping say to 1.15 x 1.16, sells from 3 minutes previous were printing at 1.20 and so on. This is very common in fast moving bb's. I can guarantee the makers probably don't hold much inventory of these things. They fall as fast as they rise. I bought in at 1.25 mid afternoon. Was in a daytrading chat room on My Track. When I mentioned it, many people bought in and it started moving up to 1.75 rapidly...which probably brought in other traders who were watching it. Of course, at some point you can expect profit taking. And as an illiquid stock as this reaches critical mass, it drops like a stone as everyone rushes for the exit. YOu thin the MM's are going to stand in the way and suck up expensive shares. NO they are going to lower spreads until they meet resistance. Which happened around 1.10. I sold at the beginning of the selloff and bought back in at the close.

I am VERY long and hope to hold for a bit. Hopefully our progress is a little steadier without the big swings.

mike