Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : BANY: Core business growth, exciting affiliations! -- Ignore unavailable to you. Want to Upgrade?

To: R.D. Atkins who wrote (4501)	2/12/1999 2:51:00 PM
From: C. McD	Read Replies (1) \| Respond to of 5847

R.D. the reason for the large spreads is that there are simply no shares out there to trade, and the big spread is meant to encourage more trading. I spoke to one MM who said it was very difficult to fill orders greater than 5,000 because there were only ~500 shares on either side of the bid. This is why I'm not too worried about small fluctuations now. When word gets out, and volume increases, the spread will decrease. Because so few shares are being traded right now, we may have to get above $1.50 before almost anybody is going to sell a meaningful size of shares. IMO, today is a good day to load up below $1.25 if you can. Maybe place a couple small orders. After the three day weekend, I expect us to push to new highs all week long beginning Tuesday. Load 'em up. Y'all don't have too much fun without me. I'm taking my doublecase on a little European vacation, we'll both be back Sunday to enjoy the BANY ride. I'm thinking of placing an order for ANYI directly with a MM, anyone have any experience buying new issues this way?