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

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To: alchemy who wrote (855)5/19/1997 10:19:00 PM
From: David Wideman   of 1480
 
Marty,

No need to read this unless you enjoy the sound of a broken record
(plus the fact that this is likely not to make a bit of sense).

You wrote <<I still think we are dealing with a major shakedown of a
weak stock by market makers.>>
That's all I can figure this could be.

Today - first chance I got to check, volume was 264K with price of
$.15; Best I could tell, last 99K = 66 BUY, 33 SELL. Even though
Buy/Sell was 2-1, price dropped from $.15 to $.14.

Considering this, plus my #'s from 5/14, per strandberg's from 5/15, some
"best guesses", & anything else I could come up with, I'll venture that
since Tuesday's close (> $.20, I believe), at least 65% of volume has
been on the BUY side.
During same 4-day period, price has dropped maybe 35%.

Don't understand how else this could happen, other than MM's having the
jolliest of times.

To the more important stuff:
What do you call 10 market makers parachuting from an airplane?
SKEET!

Hope tomorrow is good for all,
David

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