SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire!

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Due Diligence who wrote (3475)10/19/1999 10:26:00 AM
From: DuGen  Read Replies (2) of 3584
 
I'm confused. Yesterday several big blocks were bought at .095, the ask was then raised to .11 and again to .12. I see gazillions of comments where the MM's are short and need to buy etc. Here's the question.

Is it possible for the MM's to have a surplus? They continue to suppress the price knowing the value is much greater, hoping to frustrate investors to the point that they bail. Eventually they have achieved their goals, drained Joe investor, and they've got a boat load of shares. Does it make sense that they would take their foot off the break, release the stock, and sell into the rising price? In other words, they are not buying into a rising market to cover their short position, they are selling into it to reap the benefits of their surplus? I say yes. There is also this obnoxious scum suckin' swine that says no way. There is also an expensive picture of beer waiting on the outcome.

DuGen
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext