I agree George there is absolutely no proof of an MM short position.
What do you think happens, when you have 2 to 3 times as many
shares bought as there are sold, for 9 straight days?
6/3/99 2,930,200
6/2/99 3,220,800
6/1/99 4,394,300
5/28/99 951,000
5/27/99 2,110,800
5/26/99 2,960,700
5/25/99 5,259,900
5/24/99 1,135,900
5/21/99 1,238,100
Total = 24,201,700 shares traded in 9 days. I would say,
the MM sold about 8 million more shares than they bought
during those 9 days. I have been watching the transactions
with realtime streaming quotes. From my numbers, the MM went
8 million shares short in nine days. (This is based on 2:1
buys over sells). 24 million shares sold and we are down to
.167 to .17?? From experience, this tells me the MM's are
sitting on the bid/ask, hoping "YOU" crack, before the PR comes
out. They have gotten me before big time. They aren't getting
me this time. I don't care how good a company is, if there are
people behind it, it is going up. Now DMEC is a great company.
I have no doubts. But the MM's are betting you will sell.
The MM's got me on WOTD big time. I bought WOTD at .08, 45,000
shares. I watched it trade in the millions and nothing. The
price didn't move. Then the price started dropping a little.
Finally I cracked and sold at .04 for a loss,...they got me.
Two weeks later it was trading at .24 (ouch!)
There are enough people that will crack and sell, and I hope
they hurry up and crack and sell. This will allow the MM to
cover, plus drive the price down to about .13 to .15, then they
will let it run. This will allow those on the sideline a chance
to get in, and us LONGS a last chance to buy more, cheaper shares.
CC
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