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Microcap & Penny Stocks : Gator's Picks from the Swamp -- Ignore unavailable to you. Want to Upgrade?


To: callme who wrote (172)2/3/1999 8:22:00 AM
From: Gator  Read Replies (1) | Respond to of 616
 
I know. The spread is nuts, but it's deceiving. Try putting in a buy in-between, it won't fill. With a couple thousand shares of buying, they'll move the bid right up. You can probably even manipulate the bid by placing a large buy order at or below the bid. MM's will see it and move the bid up just to make you worry that the stock is going to get away from you, hoping you will chase it. Easy to do on small float stocks.

Like I said, I've heard that some buying will start hitting this stock the next few days, and that an acquisition should be announced shortly. Hearing this from I.R. With the small float, it may jump right up to $4 or $5 in no time. Keep an eye on it. If you see some buys come in at the ask and/or the bid move up, then it may be time to jump in.

Gator



To: callme who wrote (172)2/3/1999 10:29:00 AM
From: Gator  Respond to of 616
 
In WWWX at $1 5/8. Looks pretty hot. Lots of large block buying.

Looking for a breakout over $2. Still below 52 week high in $3+ range.

Gator



To: callme who wrote (172)2/3/1999 10:39:00 AM
From: Gator  Read Replies (1) | Respond to of 616
 
Out of WWWX at $2 1/32.

Made $740 in 8 minutes.

Held it over 5 minutes, so I'd call it a long term investment.

Gator



To: callme who wrote (172)2/3/1999 11:04:00 AM
From: Gator  Respond to of 616
 
To All: CMMI squeeze is on. If you are holding any shares of CMMI, fax a copy of your brokerage statement (I printed the screen of my Waterhouse holdings - cross out the account number though) showing your CMMI holdings to I.R. at (713) 961-2940. They are going to force the MM's who are short to cover.

Gator