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Replies to post #122 on Public Media Works, Inc.(fka PUBQQ)
PUBM: An opportunity might exists for those in already or those not yet in, but looking for a starter position. Friday a spread opened up laving bid @ .11 and the ask @ .17. From watching the tape, it would seem as though the large transactions ($15K orders to buy / sell) have been taking place between 15- 17. This appears to be where the 'fund raising' is taking place and where 'institutions' and/or those making a big dollar commitment have been most interested. When big money buy, they tend to not be flippers and typically will not buy at 16 to sell at 11 or 12...They buy and hold. Retialers on the other hand get frighted by spreads like that and bow out...like last week when a spread opened on W^*L and someone got frighted out of their shares hitting the bid at .017...only to watch it close at .029 by week's end. So, with the current spread and the desire of MM's to see if the bid is real, a $200- $1000 order on that bid might provide some good returns in short order. Also, if it looks like the ask will be coming down and pose the risk of 'fund raising' to have to take place at lower levels, this may pose a set-back to the pace of growth for the company, thus look for their newly installed IR component to start going active and get pps back up there while the company works on deploying their new machines.
AI
