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 : CAOL (Cathay Online) - was KYOM -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey L. Henken who wrote (25)	4/17/1999 10:40:00 AM
From: Dave Gore	Read Replies (2) \| Respond to of 203

Yes, could be, but I just noticed "double printing" by the MM's on my trades, so the actual volume could be as much as 50% less. I was also told by Orville that there was/is a group shorting KYOM. Their position is/was relatively modest (100K shares or so), so it is not too significant but it might explain the herky jerky action. I would think this group was a bit surprised by all the sudden volume on Friday. Anyway, the float may indeed be a bit higher, but double printing and minor shorting may have accounted for some of the action. PS-- I actually hate low floats....makes for too volatile a stock anyway. They can run up too fast. I generally like stocks with 1-5 million in the float as long as the volume is good, and steady stock movement (i./e up a bit for several days in a row)