Mortgage Bankers Holding Corp (MBHC) Message Board

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Microcap & Penny Stocks : Mortgage Bankers Holding Corp (MBHC)

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To: Jacalyn Deaner who wrote (1075)	6/10/1999 9:27:00 AM
From: CIMA	of 1241

The Internet & Casino Stock Report June 10, 1999 Stocks to Watch: Mortgage Bankers Holding Corp (MBHC): This stock continues to trade in a range between $0.20 and $0.40 I must tell you that I have never seen market makers manipulate the bid/ask spread as badly as those that participate in this stock. Even on days of high volume the spread remains as much as 6 cents (15%-30%). I am now convinced that there is a collusive effort between the three or so MM's that make this market. I have thought about contacting the OTC:BB to state my grievance, perhaps I will still do so. I guess my point is that the wide spread makes the stock very hard to trade and very profitable for the dealers. Today the bid/ask was 20 x 26, bidding 22 cents for 10,000 shares gains no fill, bidding 25 cents may or may not entice the brokers to drop their offer and take a 25% profit (0.25-0.20)/0.20. Be careful with these guys. However, for the long term I still want to accumulate this stock. Big news is ahead, probably in late June. Be prepared for a blast off.

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