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Non-Tech : Sungold Gaming International (SGGNF)
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To: c.r. earle who wrote (2340)7/10/1998 11:32:00 PM
From: kidl  Read Replies (1) of 5164
 
Alberto,
you could not be more correct, MM's are the only ones making money at this point. Intra day fluctuations from 7/8 to 2.25 are nonsense and a sign that a lot of people do not understand that placing market orders IS NOT THE WAY to play their game. Based on today's volume, I figure that MMs made about $20-25,000 just by taking advantage of the ignorant (to put it mildly).

I have had buy orders in at $1 for days and so far have not gotten a single share.

This is simply legalized rape and creates nothing but bad feelings towards the company. Those who sold at 7/8 and those who bought at 2.25 are equally p... off! Yes, it might be their own fault by placing market orders but let's keep one thing in mind: Most of these people are used to trading in a supply and demand market and are consequently not familiar with pink sheets and the games MMs are playing.

In my books MMs have no interest in getting us off the pinks (they are making way too much money) and without them we won't get off them.
They are the ones who have to submit documentation (K8, K10, K.. who knows what) in order for us to to get off this pink s...t ... and they won't do it unless somebody steps on their toes and we all know who these somebodies will have to be.

This is one issue that can and should be discussed amongst this group; others are not and we all agree.

We have been silent long enough!

kidl

CC.: Hans Banzinger
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