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Microcap & Penny Stocks : DGIV -- Good Prospects?
DGIV 0.00Dec 5 4:00 PM EST

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To: Maximum_Gain who wrote (5080)4/17/1998 3:28:00 PM
From: Richard B. Haenisch  Read Replies (1) of 7703
 
HELLO REO,

IT'S ACTUALLY QUITE SIMPLE - WITH ALL THE HYPE AND ANTICIPATION AROUND THIS THREAD - ALOT OF DAYTRADERS JUMP ON DGIV IN THE MORNING AND TRY TO MAKE 1/4 OR 1/2 POINT ON A $6 STOCK - NOT A BAD RETURN ON 1,000 OR 2,000 SHARES ($500 - $1000). WELL, THE MM LOSE THAT AMOUNT AND SINCE 15% OF ALL TRADES ARE DAYTRADED, THIS COULD BE A SIGNIFICANT AMOUNT.

SO WHENEVER THE MM SEE ANYONE SELLING DGIV, THEY IMMEDIATELY DROP THE BID TO A LOWER LEVEL UNTIL ENOUGH BUYS COME IN TO MOVE IT BACK UP.

BOTTOM LINE - THE MM DO NOT LIKE DAYTRADERS

I HOPE THAT EXPLANATION HELPS YOU, REO

SINCERELY,

RICO
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