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Microcap & Penny Stocks : Diamond Entertainment Corp (Previously DMEC)

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To: Observer who wrote (1159)3/3/1999 10:53:00 AM
From: N2GROWTH  Read Replies (2) of 6957
 
Mulla711---Market Makers Have No DMEC Tie!

Mulla,
I applaud your due diligence, however the firms that executed trades in a specific stock have no correlation to the underlying company in almost all cases. When a large seller or large buyer that has received a order for a particular security that they do not make a market in themselves, they will go to a Institutional System called Autex. This system reports who has executed the largest percentage of trades on any stock for any given day, week, month, or year to date. They would then call that market maker to attempt to place their order flow. HRZG, WEIN, NITE,and SHRP, happen to be the largest brokers of most bulletin board stocks. Most firms such as GSCO,LEHM,PWJC etc. have rules against making markets in OTCBB stocks. This is the reason DMEC shares are executed by the MM's you have pointed out, not because of some diabolical relationship with the MM's.
Just FYI....
n2growth
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