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Microcap & Penny Stocks : Microphonics Inc. (mrps) -- Ignore unavailable to you. Want to Upgrade?

To: LT who wrote (1084)3/1/1999 2:34:00 PM
From: Due Diligence  Respond to of 8189
 
>>>a 45,000 share sell @ 2<<<<

How do you know it wasn't a cover? The Ask just rose and the Bid. sheeeesh.
DD



To: LT who wrote (1084)3/1/1999 2:35:00 PM
From: Lee Walsh  Read Replies (1) | Respond to of 8189
 
LT,

don't think that was a sell...Probably a MM cover. Looks like any way they were happy to get it. Upped the ask and bid right after it.

Lee



To: LT who wrote (1084)3/1/1999 2:51:00 PM
From: Dave Gore  Read Replies (2) | Respond to of 8189
 
Remember..there will be some big SELLS but sometimes that's good. Why you ask?

Well, did you see what happened right after the MM's took in that that block. They got some cheap stock and almost immediately moved the price up.

We don't want many SELLS like that, of course, but if a DT bought 45K at 1.90 and sold at 2.00 he was probably happy. Oh well...

PS-- most big trades today have of course been BUYS.


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