ADGI - American Diversified Group Message Board

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Microcap & Penny Stocks : ADGI - American Diversified Group

ADGI 2.305

-18.0%

Dec 19 3:59 PM EST

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To: budweiser who wrote (5992)	3/27/1998 12:20:00 AM
From: Ken W	Read Replies (1) of 9569

Bud, I do not often post here, but must comment on your last post. You are exactly correct. Fear and greed drive the price of a stock. Agreed, short selling, legal or illegal is a problem we must all face. What swings the price of ADGI are those in the market that buy and sell for a gain of 1/2 cent on large volume. Sadly those that have the funds to do so, jump in and out of a small stock like ADGI on 100 to 200k shares at 1/2 gains and walk away, each day leaving the rest to sit at these threads and accuse the MM's of shorting and playing games. The MM's may very well be doing the same thing with each other, but my feeling is, that manipulation of penny stocks are most likely the work of the public, not the licensed NASD dealers. BTW...MM's and Brokers are allowed to short stocks under 5.00, some underhanded brokers will short in your name for you, but this is illegal. Short sales are Margin transactions, but not interest accountable. Ken W holding long and have not traded ADGI.

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