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Microcap & Penny Stocks : The New Corporate Vision Inc. ( CVIA ) -- Ignore unavailable to you. Want to Upgrade?


To: mulla711 who wrote (1761)5/4/1999 5:09:00 PM
From: FARRIS  Read Replies (3) | Respond to of 3596
 
If someone would be so kind (Mulla) to copy a L2 screen -- people would be able to clearly see where this stock is headed if people hold on for the ride. If there had been no selling to day -- I believe we would have closed around $6 on the bid. The selling was very light. However...
Everyone should remember that it is a good rule of thumb that it takes three buys for every sell to maintain a share price on the BB. Meaning the MMs will run it down much faster than they will run it up. THis is a sensible practice for an MM -- the risks are much lower for them.
The next level beyond $6 is $8 -- at least it was last time I looked at L2. THis stock is poised for a serious run with a little buying and no selling. Let us all hope that these two variables head in our favor.