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Microcap & Penny Stocks : Short Term Picks From the 'Whiz' Kid

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To: lac who wrote (7562)7/29/1999 11:12:00 AM
From: WhipsawMcGraw  Read Replies (2) of 9115
 
Finally, believe I have got the mystery cracked. DBPG, Deerbrook and
Artup.com

OK, here is what I am hearing. Paragon is a market maker for a broker dealer that had a debit of $125,000 in a brokerage account. The broker dealer was aggressive in getting back that monies owed. 75,000 shares were transferred to the broker dealer to settle the debt. Paragon hammered the stock over the past few days then suddenly stopped. The stock was getting sold from Friday to today. Yesterday the stock was being heavily sold at the end of the day. Today the stock was hammered once again until the end of the trading day.

Here is what I have been told. The 75,000 shares are restricted and cannot be sold. I believe that they are short. The stock was delivered to them but cannot be sold. The stock acted fine at the end of the day.

Do not buy it on this recommendation. Watch it tomorrow morning and see how it acts. I have been told the broker dealer was notified today about the restriction. I am buying at the open tomorrow morning to test the waters.
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