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Technology Stocks : MPPP - MP3.com

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To: DAY TRADER who wrote (298)7/21/1999 6:16:00 PM
From: hoffy  Read Replies (1) of 1116
 
Daytrader. The market makers didnt force the stock down 45 points. It was a lack of buyers who did it. sometimes MM's can play with a stock for a few points but not like MPPP today. There were just no buyers out there.
As far as your prediction of reaching 150 shortly, good luck. I could care less about the stock and hope it does well for everyone but I just don't see the big deal with MPPP. Little sales and a technology that could disappear real fast.
Actually I hope it does reach 150 in a month. Then I'll be able to short the hell out of it.

Lastly why would anyone be jealous not to have gotten an allotment of this stock. There are plenty of other stocks to trade a make a fortune on rather than getting a few hundred shares of a company and then having to sell to make any money before it goes down any more.
The only winners here will be the ones who sold at the open.
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