Signature Devices Inc. (SDVI): More about BMAS. Tuesday, January 25, 2...

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Tuesday, 05/03/2011 5:21:06 PM

Tuesday, May 03, 2011 5:21:06 PM

More about BMAS.

Tuesday, January 25, 2011
Importance of Market Makers
A few days ago there was a nice run posted by AVOP from .0025 to .0075 amounting to a 200% gain in the same day. AVOP was a prime example of the growing number of 'Dump & Run' plays that are becoming all too common in the penny stock market. BMAS which is now a known diluter for AVOP would not budge from the ask and pushed the stock all the way down to .0025 where the ask was slapped hundreds of times for orders ranging from a few hundred to a few thousand. After a tonne of buying BMAS finally moved to .005 signaling to buyers that the selling was over. The stock continued to rally towards the .005 area and BMAS had now moved to .01, which buyers took as an even better sign. The stock ended up climbing to .006 with some resistance then posing its final breath of air to .0075 before falling back down. A 200% gain in the same day is no doubt a very good gain.
Posted by Bully at 4:54 PM

http://otcbully.blogspot.com/2011/01/importance-of-market-makers.html