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

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To: mulla711 who wrote (4698)6/15/1999 4:45:00 PM
From: Fireman Dan  Read Replies (1) of 6957
 
I'm not really convinced that was a sell but probably a cross trade. Pretty big block that split the bid/ask.

It is their game and we just have to roll with flow until the big news hits.

It looks like about 3 to 1 sell vs. buy. Score one for the MM's.

We have to take heart in seeing all these POS companies that are mere shells and non-reporting that trade way above where we are.

We sit on a fully reporting REAL company doing REAL business and our day will come.

The MM's will test our patience though. IMO that's why they don't let it go yet because unlike the POS shells, the price won't come back and they know it.

It will trade at substantially higher levels making it more difficult for the MM's to recoup there losses from their short position. So if they can make up some ground here then that's what they'll continue to do until the volume leaves them no choice but to let it go.

As I've said before, patience will prevail!
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