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Microcap & Penny Stocks : PLFM - Undervalued with great potential -- Ignore unavailable to you. Want to Upgrade?

To: Steve who wrote (7030)3/2/1999 4:08:00 PM
From: Bruce A. Thompson  Read Replies (1) | Respond to of 9096
 
You guys are talking about my pet peeve. Did you notice that during today's drop, the sales were 5K, 10K, 20K and larger. This kind of avg sale size continued until the price dropped to $.76. At that point, a sale went through of 100 shares. Yes, that's right 100 shares or the humongous volume of $76.00. One trade of the 500,000 shares traded of $76.00. From that exact moment on, the price started to rise. I have always maintained, and have posted before, that a 100 share trade in a penny stock is a message between MM's to change direction.

HMMMMMMMMMMM,

BT



To: Steve who wrote (7030)3/2/1999 4:34:00 PM
From: Matty  Read Replies (1) | Respond to of 9096
 
Steve, just to make it clear, i never said there were not MM's on MSFT, just that they cannot bring about 10-40% drops just by dropping the bid and ask suddenly. Thats all. I dont disagree that MM's have an effect, but i think its more prevalent on OTC BB stocks. Have a good day.


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