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

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To: Elio Madama who wrote (4097)6/1/1999 8:15:00 PM
From: Matt Brown  Read Replies (3) of 6957
 
Ok, here is what I think.....

These MMs are seriously short..and they are at the point where they are struggling big time. Today might have been the final staw.

Look at the volume. This is big volume for this stock. Go on to RB and look what Mulla posted. The buys way outnumbered the sells by a huge margin. This is what you call MM manipluation. They are so short it isn't even funny.

I'm telling you, when that site gets around and the PR comes, these guys will not be able to handle it, they will cover, the stock will explode into the $1-$2 range.

Look at the spread btw the bid and the ask. The MMs are desperate for shares. It is so very tight. With all this buying they were able to keep it down. How? Because the float is big enought, but if volume of 10 million came in, they can kiss it all good bye.

The key is the PR. This could be a major breakout for this stock. The stock was on the Most Active List. People will take notice if it hits it again tommorow.

The new site will be something major for this stock. It is neat and clean.

I will be happy to answer questions. I have more thoughts, but chew on this for now..

FM
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