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


To: Fbk32 who wrote (5859)4/19/1999 1:23:00 PM
From: Seeker  Read Replies (1) | Respond to of 8189
 
Good point, in retrospect I doubt if you could get the shares anyway.

It appears IMHO from watching real time quotes that MMs "sacrificed" 20k, which is the largest order I have ever seen, at 2.06. Those got scooped up and then they lowered bid below 2.00 to shake weak hands or get any stops set at 2.00. They didnt appear to get any sellers so they raised the bid up above 2.00 to try and get more shares.

I see why old "pros" say you gotta have level 2.

Mike