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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (640)	2/12/1999 12:28:00 PM
From: Rollcast...	Respond to of 4766

TFFI moving up nicely... earnings coming soon.

To: Rande Is who wrote (640)	2/12/1999 3:30:00 PM
From: ~digs	Read Replies (1) \| Respond to of 4766

<<< If you think for a second that there is a REAL market maker sitting around all day long waiting for someone to buy or sell these thinly traded stocks, you are mistaken.>>> For whatever reason I don't know, but this is not the case with EBNK (OTC). Unless its automated market maker has entirely different settings than those you described, there is likely a real person out there somewhere matching orders for this very thinly traded stock. Orders to sell are often made above the bid, orders to buy are often filled below the ask. The bid/ask that is showing in your real time quotes for this one is actually quite arbitrary. For instance, I bought this stock on Tuesday (swing trade). There was about something like less than 10K shares traded, and at about an hour before close they walked the ask down on zero volume from 14 1/2 to 12 1/4. After watching the ask sit at 12 1/4 for about 20 minutes, I put in a limit order to buy @ $12 even and was filled soon afterwards. (They then upticked the ask to 13 1/2, all without moving the bid once) This is not the type of game that an automated system creates IMO. For those interested, EBNK is a new start-up that began trading in January. The company is not yet reporting, and is in a very competitive field, with its technology being its primary key to success. I am playing it as a speculative accumulate and hold/swing trade. Stock has been basing recently. Relatively unknown to investment community, including SI. Today's EBNK news: biz.yahoo.com