ICVI (now MTEI) Message Board

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Microcap & Penny Stocks : ICVI (now MTEI)

MTEI 0.00240

0.0%

Dec 8 11:13 AM EST

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To: Jim B who wrote (7928)	6/4/1998 11:53:00 AM
From: Doc Horror	of 11850

Shows you the power of the MM's... They can even shut down SI if they see we are bashing them too much :o) Last couple days, there have been more buys than sells yes the stock is down big time from it's Monday high... Then today, the stock is getting very little action, so the MM's start moving the bid/ask up on very little volume... tic, tic, tic ... makes people think that the stock is starting to move so people start jumping in and the volume picks up... people get in at $1.16 and they start to tick it back down even though the buy volume has picked up considerably at this point... they tick it back down to it's previous levels, wait for more sellers and then will move it back up again for another go round. All the while keeping a 3 or 4 cent spread so they can make their money. Doesn't do them any good to keep the price down so low that no one will buy or sell so they move it on no volume to give the illusion of "movement". Power of the MM ... they can move it up or down big time at the drop of the hat on a buy or a sell... They'll be back

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