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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY

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To: Fli-by who wrote (1512)3/16/1999 8:08:00 PM
From: bob  Read Replies (1) of 2909
 
FYI MM's almost never hold stock overnight in inventory, especially
BB stock. Right now the stock is thinly traded so there are fewer
available shares for the MM to sell. Although there were more buys
than sells today (thus the bid moved up) there appears to be some
supply at the ask. Someone is still offering alot of stock for sale
here. We need substantial news to move the stock higher. As we
approach a PR date (April 7th?)the stock will mysteriously move
higher as the MM manipulates it upwards. May have already started
as the bid was moved higher. The problem with most BB stocks is
that you get mostly traders (position and day) playing the stock and
not alot of long term holders, thus alot of stock is sold on the
news (always best to sell into strength).
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