Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Paul A who wrote (650)	10/2/1997 8:57:00 PM
From: Arthur Tang	of 1911

Thank you, Paul. The market making has been taken over from Goldman Sachs for the time being. I used to watch DJ (mutual funds) disclosure (SEC 13d/a)of buy and sell with Goldman Sachs on margin accounts. Since April the disclosure stopped. Refer to Zacks research, there are more houses recommand strong buys. Various publications recommanded Ames including stocknewsletters, but they have no followings. No effects tied to those recommandations. There are several mutual funds who specialize small stocks holding Ames. They are not active in trades. So, at times you do not see any concerted effort to support levels or to reach resistance level. It is then just regular routine market making, where stocks borrowed has to be bought back periodically.

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