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Microcap & Penny Stocks : ALFN - Toy Store On The Internet -- Ignore unavailable to you. Want to Upgrade?

To: dusty who wrote (131)	2/9/1999 12:29:00 AM
From: P.E. Allen	Read Replies (1) \| Respond to of 2136

Now that there is some quiescence and everyone has release all of the pent up anger and frustrations. Accusing others of pumping and dumping, 504 theory, CEO selling us out, etc, etc, etc. Do yourself a favor if you have shares in this company. If you are reading this you are long like me. I could have taken profit at the open, I bought yesterday. If I loose it all, so be it. I see this as a great chance to make a ton of money. On Friday this stock ALFN traded 2.6 million shares (+ or -) There were 75 to 80 percent buys. Sure some people took profit the first day. But at the end of Friday near the close, about a half million shares trade and the stock closed strong. Now what it tells me is that the "market makers" sold more shares than they had. So what do they do, they gap the price up and trade the shares between themselves to show a sell off. Now don't take my word for it, go to "Big Charts interactive" and do a one day chart @ five minute intervals and displayed + volume rather than volume. When you do this you will see that during the "phanthom sell off" (black bars show buys at ask or better, but some investors go between the bid and ask price this will show not as a buy because it is below the ask price even though it is a buy) for the day 1,810,000 (million) shares were buys of the 4,600,000. That leaves 2,800,000 shares of selling. I know a lot of investors turn the stock over several times during the day picking up 10 to 40 % on each trade. Also on these OTC stocks you get double prints both on the sell side and the buy side of the transaction. Given this even if all of the trades were real, if you subtract the 2,600,000 shares from friday, you have a net of 200,000 shares of selling today. Can't grasp that, lets say that half of the buyers sold who bought yesterday, you have 1,500,000 shares of sells and 1,810,000 shares of buys. I think a lot of people who were into the stock took profit along with the market makers selling between themselves, and double prints. Remember in bulletin board OTC stocks, when it comes to these boards and the information provided on it, "believe nothing you hear, and only half of what you read". *Just my observation of the trading in the stock the last two days.*