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

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To: David Wideman who wrote (995)6/4/1997 10:45:00 AM
From: Sidney Reilly   of 1480
 
David,
We don'treally know there is a short situation. The company had that release and no confirmation has been found. The one MM said he had no knowledge of a short. Taking delivery of your certificate would possibly hurt you a lot while not helping the stock at all. I would like to see some confirmation of a short before surrendering my liquidity.
I still think this could be an accumulation phase of the stock cycle . The buys to sells usually are slanted to more buys but the price sits. Large volumes with no movement. Price drops on a few sells but a lot of buys won't budge it. I am leaning towards that as being what is happening based on what has been reported here. If we have success the few in the know would want cheap shares. Heres hoping! Bob >-|
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