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Microcap & Penny Stocks : Madera International - Symbol WOOD

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To: Lance who wrote ()3/25/2000 11:30:00 AM
From: David T. Groves  Read Replies (2) of 1979
 
My GTC limit order has been placed for the open of the market Monday, it can't hurt anything, and if it helps, GREAT!!

I put it for $3 though, I couldn't see placing it at $2. I feel that that is too cheap mid term.

Seems the consensus is that this WILL take our shares out of the MM's trickbag and I'm all for that! We've all seen the article on the one that got caught!

If I was a market maker, I wouldn't feel too secure naked shorting a company that is selling for 1/16 of their real audited assets, has good products, a great story, has shown an upward trend and is near to having a float turnover in the last 7 weeks. ragingbull.com
continued ...
ragingbull.com

This company has had a 10 bagger situation in the last 18 months and could do so again easily.

The hard fact is that although the market makers can earn a higher percentage on their money dicking around here, they don't need to naked short this as it rises. They can make tons of money as it goes up also. The house always gets it's cut.

I'm even considering scraping up some pennies and averaging up some by buying MORE shares to help see what kind of pressure can be exerted.

Right now at this market capitalization, every $3.12 I spend is backed up by an acre of land! ragingbull.com

It only takes a couple clicks of the mouse to put in the GOOD TILL CANCELED order at whatever share price you feel. It can't hurt anything. It COULD help. You can always cancel or change it just as easily. JOIN IN!!!! FUN!! CONTROL!!

Dave
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