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Microcap & Penny Stocks : Leah Industries, Inc. (OTC-BB-LEAH) -- Ignore unavailable to you. Want to Upgrade?


To: Baldur Fjvlnisson who wrote (1261)2/10/1999 3:02:00 PM
From: RLM  Read Replies (1) | Respond to of 2153
 
Maybe there is no one left to buy. When the stock started to move up there were many new people on this thread who were buying. Now that they have bought their fill, there needs to be new people to buy. Also investors see that much buying took place yesterday and the price did not move. If all of that upside volume took place on an exchange the stock would have moved up. The market makers control the stock. They are the ones bringing the price down right now, trying to scare the poeple who bought at the 50 cent range out. Yes it should be illegal what the MM's do. They can actually halt the stock to cover a short position. They can do anything the want, they make the market in the stock. But the whole stock market operates this way. Look at IPO's, you are telling me that everyone gets a fair crack at them. Look at the way Donald Trump, George Soros or any other so called sage can send a stock flying make a profit and exit. Look at investment houses, upgrading stocks that they hold so they run up. Downgrading stock that they have short, so they go down. It is all a game. Until LEAH gets of the BB, expect this to happen. The moment of truth will be when LEAH releases the audited results in March. I am betting that they will push the stock to where it ought to be.



To: Baldur Fjvlnisson who wrote (1261)2/10/1999 3:07:00 PM
From: Andrew H  Read Replies (2) | Respond to of 2153
 
>>P.S. I put in an order at 12:45 to be executed. Hasn't been executed yet.<<

Was it at the ask? If not they are under no obligation to fill. I don't think they are taking the day off. More likely there is no one willing to trade at the bid or the ask.