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Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire!

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To: KZAP who wrote (3291)7/22/1999 8:03:00 PM
From: Due Diligence  Read Replies (1) of 3584
 
I'm starting to get it.<haha> Let's just clarify a few things:

1-The newsletter came out weeks ago.(my understanding) Guess everyone waited to buy all at once and no one stayed. Sheeeesh!

2-The volume started with a 100,000 shares traded at the bid. Believe it was at .10 and the bid rose. There were other trades at the bid and the bid rose,too. Duh. What does that tell you????? My thinking is that there is a short position in this stock and covering occurred. And possibly still is! That is not usual, happens all the time. Not trapped either, so don't even go there.

3- There are some longs that sold some shares(about as long as a few upticks and great for you) and would like to see the price lower to re-enter,cause they like the stock and believe in the potential.(obviously due that they are still here posting)

4- Then there are some than just like to bicker; can't see "the forest for the trees."

Agree or disagree? But remember, one is a fool to base his/her investment,position, or daytrading decisions on some internet postings. This posting included.
Enuff Said,
DD
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Feel better now. Whew!
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