SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 -- Ignore unavailable to you. Want to Upgrade?


To: Chris O'Keefe who wrote (2296)2/10/1999 12:12:00 PM
From: Zbyte  Read Replies (2) | Respond to of 5541
 
Its the same thing that has been happening for 2 weeks, dips and highs. If I were you I would pick up some cheap shares and be happy. Throw a bid for .07 and see if you get it. JMO



To: Chris O'Keefe who wrote (2296)2/10/1999 7:31:00 PM
From: Pierre Mondieu  Read Replies (1) | Respond to of 5541
 
Story? Daytraders don't care much about the story.

Assuming the MM's were net short going into Tuesday's trading, due to the heavy buying pressure in the days prior, I'd speculate that the MM's the past two days have been cleverly inducing fear in the longs in hopes of shaking stock from the queasy ones.
If I were them, I'd make sure I was not short going into tomorrow's trading. I might even want to be a tad long.
Remember when the market was .065-.08? They dropped the bid from the low .07's to .065, and no MM's budged on the offer. This induced panic selling--can anyone here attest to that?
Then, as stockpicker portended, in the final hour they slowly raised the bid to attract even more sales.
First they play on your fear, then on your greed. Or, was that playing on fear twice in a row today?

Anyway, from here out (other than early trading hours, if no big buying yet), they'll been working the greed thing I believe (and hope).