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

To: Seeker who wrote (5856)4/19/1999 12:55:00 PM
From: Fbk32  Read Replies (1) | Respond to of 8189
 
Unfortunatley you may have noticed that the bid was $2 1/4 and did not go any higher, making a play such as you indicated a very risky proposition. True if they force the price down to 1 3/4 you'd make out like a bandit, but why take the risk??

Brian



To: Seeker who wrote (5856)4/21/1999 1:28:00 PM
From: Dave Gore  Read Replies (1) | Respond to of 8189
 
Right Mike! MM's will often "walk down the bid" when they know good news is coming or if good news has been posted.

It's almost a given. They want shares, cheap shares if they can get them, before the next run. It is often a bullish sign.

Dave...really going now...lol



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