OMNIGENE DIAGNOSTICS (OMGD) Message Board

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Microcap & Penny Stocks : OMNIGENE DIAGNOSTICS (OMGD)

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To: Michael Brey who wrote (45)	11/8/1996 12:23:00 AM
From: Peter A. Usinger	of 119

Michael, I got several concerned e-mails today. Some of them addressed the fact that the stock always bounced back from 5.5 to 6. We have seen that kind of stuff before: a) It's a low volume BB stock. That gives a lot of price control to the brokers involved (you can't run a setup without pushers). If you arrange a well-timed bid of "6" among involved parties between the drops (with low cost volume+transaction), you can get it back up, and up, and up again pretty easily. A very well known process. Without major intervention and broader market forces involved, this can be played for quite a while. b) A lot of folks just want to see cash and just hope to get out with the most before the crash. They don't care that someone else will get burned. They even feed the flames and hide the smoke if it's helping their short-term profits. So, they'll hold on to the very last minute not to miss this great opportunity of a 4 to 1 deal. A lot of these guys are later whining (see the threads of SEXI and ADGI and ...... (poor bastards). I follow a very simple ethical proposition: You are what you do. Consequently, I don't want to be part of a scam, profitable or not. That's what we have pests for ... Good night Peter

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