Replies to post #12641 on Cal-Bay International Inc (CBYI)

[up-down]

This was an e-mail I sent to someone on the board who contacted me.

Tuesday (yesterday) was the first time I've observed that UBSS actually buying shares (trades printed at the best bid where there was only UBSS bidding). I think its was the sellers (through UBSS) desperate attempt to support this sinking ship. Look who is selling all these shares today (tuesday), UBSS. It's not the MM's that control a stock. Its the person(s) sending orders to an MM.

I'll wager .01 will fall easily. Even though people see SIXTEEN mm's lined up at .01, many will fold on 5k prints. I've seen it happen many times.

Look at the sub-prime lenders like NEW and NFI - Billions in marketcap wiped out. Tough times ahead imo

Apology accepted. good luck investing.
Frank

[snowcloud]

FWIW - I was going to sell at .0075 today and put my order in. About 15 sec later I noticed a 500 share trade at .0076 go through on L2, indicating to me that maybe an MM needed shares (sorry, I don't remember which MM it was). I immediately cancelled my order. Let's hope for a better day tomorrow.