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Microcap & Penny Stocks : BAOA Call Centers To Make A Difference -- Ignore unavailable to you. Want to Upgrade?

To: Loren S. who wrote (461)	5/11/1999 5:01:00 PM
From: Aravind Hande	Read Replies (1) \| Respond to of 833

Today's volume has nothing to do with the lack of interest or the perception of the press release -- it had a lot more to do with spread between the bid and ask. Most of the day it was at 0.06 / 0.10.. This is a huge spread. This is the *&^%! MM's manipulating the stock. (In fact for a brief period it was at 0.05 / 0.10) The risk associated with buying a stock with such a huge spread between the bid and ask, is very very high. Imagine buying at 0.10 and then see the price dropping to 0.06, when somebody sells their share. That is a 40% drop immediately after buying the shares. Nobody wants that. So people are staying away from it. I partially agree that BAOA needs to stop re-releasing the same PR's worded differently. They should take a look into why the MM's are manipulating the stock the way they are. This is not a thinly traded stock. In fact, the average number of shares traded for the last 10 days is 962,460 -- which emphasises the fact that today's action was mainly because of the spread.