OTCPK:OTTEF - Post by User
Comment by
CarefulEyeon May 25, 2001 4:39pm
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Post# 3788443
RE: I Would Like an Update
RE: I Would Like an UpdateI suspect an update will accompany the NR announcing financials for Q1, which should be out soon. As for this week's trading, CC was active in raising the bid on Tuesday, but withdrew most of their support during the remainder of the week, which resulted in a corresponding softening in the share price. CC did do some buying at these lower levels, however. Whether this is a ploy to allow accumulation in the $1.30+ range is difficult to say. Fortunately, other houses have taken up much of the slack, so that, for the week, strong support (50,000 shares or more on the bid) declined only a dime, to $1.25. CC is still in the driver's seat in making this market.