MMCI , Multimedia Concepts INTL Message Board

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Microcap & Penny Stocks : MMCI , Multimedia Concepts INTL

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To: purecntry5 who wrote (10)	3/18/1999 8:10:00 PM
From: E*Trader	Read Replies (1) of 134

That site is the official NASDQ site for BB stocks. you can get a lot of information about the BB market. For MMCI, I was looking at how many MM's trade MMCI, which is 3. that is VERY SMALL number because usually they are 7-10 MM's for most BB stocks. The impact of this is that they will be much less powerful in resisting any buying pressure, because you don't have so many Lions to feed. in another term, if you look at NASDAQ Level 2, you will find for any stock, MM's are lined up in their quotes one after another. so in order to go higher in price you have to pass through so many MM's, one after another, every one take his buying orders and then move the price to a new higher level (that is in case of buying pressure). with MMCI, you have only 3 MM's, so little resistance you will find when attacked by buy orders. that is why they broke lose today! the other impact is that they will not be able to cover for each other demand if they fall short or need more shares

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