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Microcap & Penny Stocks : Diamond Entertainment Corp (Previously DMEC)

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To: mulla711 who wrote (4669)6/14/1999 4:33:00 PM
From: Fireman Dan  Read Replies (1) of 6957
 
Not a bad day for DMEC considering the way the market went today. I track a hundred BB stocks and out of a hundred 26 went up 26 went sideways and 48 went down.

Currently DMEC is my only penny play so its easy to keep an eye on it. I can't remember seeing a stock trade like this. A high percentage of days where the MM's seem to go under further and further but steadfastly hold it down!

It may be the only play they have left, hoping to wear out or frustrate the longs by not letting it go. The last news was very good long term but didn't have the short term punch we needed to break the log jamb.

It appears the MM's were working hard this AM to keep the lid on it and rode out the buying until things settled down. This will go but we need to remain patient until more news pushes us over the top with bigger volume.
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