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Microcap & Penny Stocks : JNNE Jones Naughton: Go Online via Kiosk -- Ignore unavailable to you. Want to Upgrade?

To: Grupo Brad who wrote (1308)	4/19/1999 11:53:00 AM
From: Chris K.	Read Replies (2) \| Respond to of 4824

Hi Grupo, I have been trying to liberate some funds, maybe trying to make my father help me in buying some JNNE. One thing did trouble me this morning though. This friend of mine had 20,000 shares and wanted out. This morning the bid/ask was 62/62.5 so he puts in the order to sell at 61.5 so he can assure himself that it will go through. It stayed there for a good 20 minutes without moving. Then the price fell so he stared decreasing his price as well. When the price fell to 56/57 cents, he had decreased his price at 56 cents. MMs WOULD NOT SELL TO HIM. He then cancelled the order and re-entered it in small increments of 5,000 shares each. The order finally went through. He called me and asked me if I knew why this had happened. I could not answer him so I am throwing the question to you guys. Would anyone know why the MMs would not take the shares when he put his order at the bid or lower?? Are they playing games, are they preparing for lower prices, are they trying to play shaking games. As for me, I am still looking for funds and for a GOOD entry point. Bye for now. Chris K.