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Microcap & Penny Stocks : Mortgage Bankers Holding Corp (MBHC)

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To: CIMA who wrote (1009)4/21/1999 1:04:00 PM
From: Oak Park Trader   of 1241
 
fla.trader is most likely a MM who is short - BIG TIME. If MBHC goes to $1.00 he will be hurting. Many individual investors do not know how many small firms who register to become MM's are really out there. There are hundreds of these firms who short penny stocks in hopes they go to zero. Quite frankly, a lot of these companies do go to zero. But once in a while, a stock bounces and bankrupts some of these MM's. I have seen this happen. DO not listen to fla.trader, although his panic posts are bullish in reality, as he will have to cover his shorts and MBHC goes higher.

CIMA - Thanks for your information.

As for the news coming in 4-6 weeks, I believe it will have to do with MBHC increasing their products and debt financing capabilities. Even if there is no mention of the internet playing a major role in 1999 expansion, MBHC will still head higher from these levels.

Good Luck to all MBHC longs.
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