LDDI (Long Distance Direct Holdings, Inc.) Message Board

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Microcap & Penny Stocks : LDDI (Long Distance Direct Holdings, Inc.)

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To: Charles Broderick who wrote (35)	5/18/1999 10:50:00 AM
From: M. Frank Greiffenstein	Read Replies (1) of 216

Interesting price action... I get the sense that this stock lacks supply at the moment. The MM's ahve a ridiculous spread, then suddenly the bring the bid up to within a penny of the ask. This tells me they want to encourage holders to sell their shares. Sure enough, after the spread tightens, the stock goes up another few cents. I am no sure whether this is news driven, or just penny stock manipulation. Besides, LDDI doesn't make set top boxes. AIME was supposed to supply them for LDDI's PowerChannel division. DocStone

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