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Microcap & Penny Stocks : FAMH @ .18- STOCK PROMOTION!

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To: Jodi Segal-Lankry who wrote (160)10/29/1997 7:23:00 PM
From: CO  Read Replies (2) of 277
 
Jodi, I saw that also. The bid was holding most of day at .23 and then they backed it off at the very end of the day. Actually it was just 3 minutes before closing.

I would tend to agree with you that they were trying to shake out some sellers.

In watching this stock for a month or so, this has been very common for the MM's to do this on FAMH. I have heard that there have been several that have been trying to hold the price back.

With a large number of buys today, it sure seems like some of the MM's would need to buy to cover what they have sold.

With the earning they are projecting for this year, I just don't see how they can hold it down much longer.

Cheryl
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