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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!
NAMX 0.00010000.0%Mar 7 3:00 PM EST

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To: Terry Lyon who wrote (4509)11/10/1998 9:34:00 PM
From: Sidney Reilly  Read Replies (1) of 4736
 
Terry,
The MM's opened up the spread to 40% to make more money I guess. It sure makes it hard to buy at .12 and lose 40% as soon as the trade is done. I'd think real hard about it before I bought any more. If there was any demand for this stock the MM's would pay sellers more to get some and sell again. They want to discourage sellers and get more from the buyers. So where are they getting the inventory????? Think about it!! THE COMPANY!!! I'll bet they are churning out paper again. Who knows what is going on. Volume could be MM generated for the illusion of some action. Let's face it with no news who would be buying? Only insiders who know something good is coming. Do you think that is likely? NO. So it's all a trick IMO.

Bob

PS All wee need now is some hype press releases and the MM's already have the new paper to sell to the suckers who will lose their shirts financing NAMX for the next 6 months or so. Postponing the bankruptcy? Just my opinion of course. I would love to be wrong.
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