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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY
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To: LORD ERNIE who wrote (2833)6/21/1999 6:43:00 PM
From: steveK.  Read Replies (2) of 2909
 
Trading today:167,000 shares.Last trade@.42 cents(17,000 shares)was traded at 3:25ET.There is obviously quite a bit of manipulation in the stock right now.I'm really not sure which trades are buys or sells.This is based on what the tape shows re:the individual transaction.I see a level of activity going off at the bid,then it changes so erratically from there.It's so tough to really understand what's going on-and why.I'm sure,to some degree,that the MM's are scooping up real cheap shares that someone is peddling.It seems to me that there must be a heavyweight or two trading back to the MM"s.How much are they making on their transactions?Only the heavyweights and the MM's know that amount.Even though the numbers sound cheap(.42,.43 etc.)they are also probably making it up in the volume of shares their moving-and the profit difference from what they really own them at(or borrowing against).This type of trading could hang like a cloud for a awhile(days,weeks).The release of some juicy press releases is all well and good,but patience will be a key here.I agree with Jorj when he said that this is not GM we have bought into here.There will be growth spurts(progress,achievements),and there will be growth problems(setbacks,mistakes).I still believe CEO Tom can handle both effectively.Still have a comfort level here.Go BETT!

Happy Returns-

stevek.
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