after todays trading on DMEC I officially declare it a POS
Don't count DMEC out just yet. IMO, wednesday's high
volume with no price movement is a sign the MM's are
accumilating. Here is what I posted on the RB thread, and
remember, this is how I see things. I have done a lot of
DD on DMEC and have been putting the pieces of the puzzle
together. Here is my post:
By: ColaCan
Reply To: 7668 by woodfox7 Saturday, 4 Sep 1999 at 12:31 AM EDT
Post # of 7704
>is your DD that certain that it would be a good choice
>for me to hang out here for 2 to 3 weeks.
Ok, here is part of the list, that has been posted from
time to time, for several months. Stocks are updated
as they reach their target point, etc...(copied from SI)
Stocks that in prior press releases have mentioned some sort of date, or time line, for launching a new product or some future event that may make the stock price go up!
This list is of stocks that so far have future impact dates, when the impact date comes to pass for a stock it will fall of the list, it will be reentered if the stock has another forward looking event.
SYMBOL____________ IMPACT DATE/S____________SOURCE
OGPS____________08/10/99____________ #reply-10693381
DCGR____________early August_____________ #reply-10161605
GAAY____________09/27/99____________ #reply-10512587
CHES_____________fourth quarter of 1999___________ #reply-10597655
MHTX____________08/08/99____________ #reply-10010599
DMEC____________middle of September____________ #reply-10202620
Ok, when you click on the reply, it takes you to a message
where someone posted the June 21 PR. Here is part of it.
I wont post all the PR. You can find past PR's on DMEC's
website. I shorten it to highlite the basic idea of
what is going on:
To: SSP who wrote (1202)
From: Jim Bishop Monday, Jun 21 1999 9:53AM ET
Reply # of 9066
DMEC news: Impact date fall of '99.
CERRITOS, Calif.--(BUSINESS WIRE)--June 21, 1999--Diamond
Entertainment dba e-DMEC, Inc. (OTC: DMEC) is in the business of
distributing and selling general merchandise is pleased to announce
the introduction of its newest and most technically advanced hand held
PD-500C Palmsize PC with Windows CE.
Ok, what does this mean to us shareholders. It is simple.
1. "Mid-Sept" is on a lot of people's radar. I expect a
lot of buying to pour in as we get near Mid-Sept.
2. Examine this PR:
CERRITOS, Calif--(BUSINESS WIRE)--Aug. 26, 1999--Diamond Entertainment Corporation, dba e-DMEC, Inc. (OTC BB:DMEC - news) today announced it has retained the services of Royal West Sales, to provide consulting advice concerning marketing and sales in the United States for the Executive Notebook Computer, Palmsize PC product and other PC computer related products....
The Consultant, Royal West, specializes in electronic equipment alliances. I smell money!
Ok, but this isn't all. The Q will be out in Oct (maybe)
Nov. The first two months of this quarter, have seen
sales orders announced, totaling $1.1 million. September
begins DMEC's best business months (Sept - Dec). DMEC
has announced $1.1 million in sales orders and they hadn't
started their best time of the year? I smell MORE money!
And this isn't all. Copied from www.otcbb.com:
August 1999
Securities 6,538
Market Makers (MM) 386
Positions 46,242
MM per Security 7.07
Ok, on average, there are 7.07 MM's per security.
If you enter DMEC, you'll see:
DMEC DIAMOND ENTERTAINMENT CORP Page of 1
September 2, 1999
MMID Market Maker Name Quote Status
--------------------------------------------------------------------------------
Total MMID Count: 20
--------------------------------------------------------------------------------
ALWC ALEXANDER, WESCOTT, & CO., INC. Active
DLCR D.L. CROMWELL INVESTMENTS, INC. Active
FLSC FIRST LONDON SECURITIES CORPORATION Active
FRAN WM. V. FRANKEL & CO., INCORPORATED Active
GVRC GVR COMPANY Active
HILL HILL THOMPSON MAGID & CO INC Active
HRZG HERZOG, HEINE, GEDULD, INC. Active
MASH MAYER & SCHWEITZER, INC. Active
MHMY M. H. MEYERSON & CO., INC. Active
NAIB NORTH AMERICAN INSTITUTIONAL BROKERS Active
NITE KNIGHT SECURITIES, INC. Active
PGON PARAGON CAPITAL CORPORATION Active
SHRP SHARPE CAPITAL, INC. Active
SHWD SHERWOOD SECURITIES CORP. Active
SLKC SPEAR LEEDS & KELLOGG CAPITAL MARKETS Active
USCT USCC TRADING/A DIVISION OF FLEET SECURITIES Active
WDCO WILSON-DAVIS & CO., INC. Active
WHAL H H & G SECURITIES, INC. Active
WIEN WIEN SECURITIES CORP. Active
WSEI WALL STREET EQUITIES INCORPORATED Active
DMEC has almost 3 times the MM's as the average. Not all
these MM's are showing up on the Level 2 posts, but they
ARE active. MM's don't show up just to be socialble.
It appears there is going to be a big market created for
DMEC with all these MM's being here. I think a lot of the
buying that is going on, with no price movement, is these
MM's buying, and either covering a short position, or
loading up for a big run.
Now, what do I expect. I expect a run around Mid-Sept,
just because of that date being on everyone's radar, added
to the fact that Royal West is a consultant for DMEC now.
I expect many more PR's stating sales orders, in the next
couple months. I expect the next Q to be good. I expect
the Jade acquisition to be completed soon. I also expect
some news that will catch everyone by surprise. Just a
hunch. DMEC has "7" consultants now. I expect some
results soon. The stock price resistance is around .13
Right now, the stock is in accumilation stage. Once the
price breaks through the resistance, and hits .14/.15 All
these other items, coming after mid-sept will keep
driving the price up, IMO. You have to weight the
information and make your own decisions. During the
4.8 million volume day, there was a 1 million share sell.
The MM took it in one block. I assume that MM turned
around and sold it to the other MM's. Why else would he
have accepted such a large block, of a stock that appears
to be going no where? Accumilation! This is how I see it.
(Also adding here; I think Analysis Group stated DMEC
was rated a "BUY" at .15 and under, which, by the way,
is above the resistance price level. I have only taken the
information that is out there on DMEC and put it together.
It sounds good to me, but everyone weigh the information
and make your own investing decisions.)
CC
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