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Microcap & Penny Stocks : ADSN - Advanced Systems International -- Ignore unavailable to you. Want to Upgrade?


To: Boolish who wrote (102)3/23/1999 9:57:00 PM
From: Steelguy  Read Replies (3) | Respond to of 895
 
Evening Boolish....
they key factor here is that we are not playing in a " true " market right now on this stock......not that this is really bad...just a fact. The market makers are the ones who are deciding where she goes and there is not enough power YET behind this stock to have it really make a run out of this range. I am not sure how many MM's we have on this one but my guess is there are only a few......this ends up having a situation where only one of the MM's wants to, based on his current inventory of stock and possible short position, bid for the stock......therefore, if they are going to take down some shares....they are going to be sure to have a guaranteed profit flip by coming in with a slightly lower ask than a buck.
The great thing I have seen is that a " stink " bid on this stock is not scaring any shares out of the holders for the most part....this shows us that many are in at these levels now and are support for the stock.......
when significant news comes on this, I believe you will see some panic short covering and the birth of a true " bull " trend. The company is going in the right direction and I believe that if Waldo feels that it has great potential...then we will see this company do some great things..........enjoy the ride.

all the best.
sg