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

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To: ETS/316 who wrote (4017)5/27/1999 8:47:00 AM
From: J Walter Jacobs  Read Replies (1) of 6957
 
Apparently one of the tip sheets is saying that Friday will be the day for opening the e commerce site. Rumor also has it that a very large distribution contract will be announced. What would be the best strategy, announce the e commerce site first or the contract first? I believe it would be best to announce the e commerce site knowing that there will be a huge run up followed by a large sell off. If on the heals of that announcement another announcement revealed a very large distribution agreement fundamentally changing the earnings picture then we might persuade the traders to stay longer. This might foil the MM's effort to push us back down to cover their shorts. At this point the short position has to be substantially increased since the buys have far outstriped sells for weeks now. I don't think the MM's accomplished much yesterday and time has run out for them.
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