IMMM ( I'm Mad Monk) Message Board

STOCKTALK

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Microcap & Penny Stocks : IMMM ( I'm Mad Monk)

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To: David Wideman who wrote (735)	5/14/1997 2:58:00 PM
From: Sidney Reilly	of 1480

David, If buys/sell ratio is 5:1 then the price is being held down by the MM's. The only reason they would do that is for accumulation. After accumulation comes markup (hype, news etc.) then distribution as MM's distribute the cheap stock they accumulated to investors at much higher prices. Those of us who already own it will benefit. There are always latecomers who buy at the top wherever it ends up being. The price should be able to easily break the 1.50 level that it has stalled on before with any kind of good news. Who knows how far it will go. Bob

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