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Microcap & Penny Stocks : ADGI - American Diversified Group
ADGI 2.160-2.7%Dec 2 3:59 PM EST

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To: Jack of All Trades who wrote (5594)3/13/1998 10:51:00 AM
From: Ken Sammut   of 9569
 
I am not a fan of the market makers but IMO the drop has nothing to do with the MMs. A lot of people are trading this stock. They bought before the conference and sold on the news.

If the stock is legit, then it will move because it deserves to. The MMs could have really played with this stock but have not.

Although the volume looks impressive (60M) over the last three days, you are only talking $3M to $4M going in and out of the stock.

Company's like BAAT had $20M pouring in and out of it. That is the kind of money where manipulation is going to happen over a several day period.

ADGI will trade up and down until we see if their products and services have a place in the market place.

Ken S.
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