There is a big short position by the MMs and one of them is MHMY.
I always wondered why this MHMY losing so much money.
Read the post below and you will see what great earnings this guy has
He sells low,and he buys high,almost always.
He for sure knows how to short stocks.
The only M Maker I give a lot of respect is NITE.
This guy knows how to make a lot of money.
Sometimes I win some battles against him,but many times I lose my
shirt against him.
SOURCE: M.H. Meyerson & Co., Inc.
MHMY Announces Third Quarter Financial Results
JERSEY CITY, N.J., Nov. 10 /PRNewswire/ -- The following is being issued by M.H. Meyerson & Co., Inc., a member of the National Association of Securities Dealers, CRD number 540:
M. H. Meyerson & Co., Inc. (Nasdaq: MHMY - news; approximate price: $1.00) announced today an unaudited net loss, after full provisions for state and federal taxes, for the third quarter (ended October 31) of the fiscal year ending January 31, 1999 was $(2,164,039), or $(0.43) per share. The Company reported third quarter revenue of $2,791,988. This corresponds to a gain of $395,748, or $0.07 per share and $10,956,900 revenue reported for the same period last year.
Average diluted shares outstanding for the quarters ended October 31, 1998 and 1997 were 5,055,335 and 6,718,008 respectively.
Three months ended Nine months ended
October 31, October 31,
1998 1997 1998 1997
Revenue $2,791,988 $10,956,900 $19,707,211 $22,397,473
Net Income (Loss) $(2,164,039) $395,748 $(1,713,128) $(840,831)
Per Share $(0.43) $0.07 $(0.34) $(0.17)
Average Shares 5,055,335 *6,718,008 5,054,648 5,028,297
* Fully diluted average shares is computed giving effect to the potential exercise of the Company's exercisable outstanding options and warrants, using the modified treasury stock method, except where such calculation would be anti-dilutive.
M. H. Meyerson & Co., Inc. is a full service international financial services firm, with seven separate divisions: Wholesale Trading, Correspondent Services, Fixed Income Services, Institutional Sales, Syndicate, Retail Services, and Investment Banking.
SOURCE: M.H. Meyerson & Co., Inc.
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