SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks Message Board

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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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To: Joseph F. Hubel who wrote (3323)	10/5/1996 6:41:00 AM
From: Don Lachot	of 13351

Does anyone know why SEXI found support friday at 1.20 level? Could it be that the market makers have bought so much stock that to drop it further would cause them too much loss? Maybe the mms are supporting the stock at this price, hoping to turn it around so that they can sell shares they bought at much higher prices. Alot of stock was dumped last week on the mms, and they may be supporting it here until major buying comes back in. I noticed several attempts friday by the mms to uptick it on no volume. I think they were hunting for traders to start pushing the stock back up, so they could recover some of their losses, since I'm sure they are still holding paper bought at higher prices. In other words, the mms may have every incentive to try to help the stock go higher...all they need is some buyers.

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