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Post# of 4978920
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Alias Born 05/18/2004

Re: None

Tuesday, 06/15/2004 12:23:34 PM

Tuesday, June 15, 2004 12:23:34 PM

Post# of 4978920
PCCL... MM games...

Can anyone explain rationally why the Ask and Bid dropped in this sequence explained below?

5.6 million share volume up 'til 11:30ish AM. Bid 0.0052, Ask 0.0054. Last three trades before noon...

0.0054 50000 11:33:19 at Ask
0.0054 9629 11:33:22 at Ask
0.0054 5000 11:39:59 at Ask

Ask then dropped to 0.0053. Then, a long pause until noon:

0.0052 200000 12:00:52 at Bid
0.0053 200000 12:00:52 at Ask
0.0052 15000 12:02:17 at Ask (so Ask dropped again)
0.0051 719800 12:02:48 at Ask (Ask dropped yet again)
0.0051 332000 12:02:48 at Ask
0.005 250000 12:05:03 at Bid (so Bid had dropped again)
0.0051 10000 12:05:13 at Ask
0.0051 200000 12:05:13 at Ask

Now come more of those dreaded 5000 share trades:
0.005 5000 12:05:46 at Bid
0.0051 5000 12:15:31 at Ask

Last trades:
0.0051 9000 12:18:59 at Ask
0.0051 43000 12:21:28 at Ask


-- H2NRG



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