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

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To: Sprintcar who wrote (4312)6/4/1999 12:19:00 AM
From: Ga Bard  Read Replies (1) of 6957
 
SOund and look familiar Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.

Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.

Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.


:-) enuff said (Could not help myself since I have been telling folks this ALL day and not only on this stock!)

Gary Swancey
Paid IR in cash and 250K stock options

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