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Microcap & Penny Stocks : nhmcf
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To: Kenneth Schlottman who wrote (285)11/18/1997 9:39:00 PM
From: trader  Read Replies (3) of 702
 
The stock has definately behaved in quite a bizzare manner.
I watch the screen from time to time and wonder over the past couple
of weeks why NITE (market maker in NY city) is always a seller. If
i had to guess on watching the activity and the pattern of nite he has
probably been at least 50% of the selling if not more. And that is
conservative. I wonder if he is shorting the stock. That i do not
know, but only the company can find out by looking up their positions
at the Depository that holds stock in street name. If ther updates show
no changes, then who is selling all this stock every day through NITE.

Nite is a wholesale market making brokerage firm that is owned by
midsize retail BDs for access to the nasdaq markets. I have never heard
any other traders say anything good about them, but then again my
thoughts here are heresay.

Well if NITE is going short, I wish he would just go see what he is doing
because when this company begins to realize its further potential. It
could be beyond his belief.

Id say buy, again opinion, stock when it is down and cheap. You know
the company is for real (at leat i do from kicking all 4 tires). So
here at $3 if nite wants to sell us stock here at $3.06 (and yes the close
showed he alone offering stock at $3.06) lets buy it from him.
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