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Microcap & Penny Stocks : Diamond Entertainment Corp (Previously DMEC)
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To: mulla711 who wrote (4323)6/4/1999 12:49:00 AM
From: Ga Bard  Read Replies (1) of 6957
 
As a matter of fact, I was on the phone with a broker in New York about DMEC when the infamous crossing occurred. I called because I saw a 50K block go off at 10:21 after a solid morning of buying.

That sell got some selling and the MMs smelled BLOOD! then after selling ceased and buying resumed Hill and another MM started cross trading ... 11:45 250K went off at the bid then followed by a 40K buy then 150K above the ask 125K at the bid and finally a 150K at the ask.

The results was a 35K sell ... which suddenly buying came in ... only two sells I recall then BOOM 100K on the bid! After it was absorbed the selling started. Down they took it on tiny volume with people chasing the bid. (Greed vs Fear of losing)

Next 50K sell and then 100K sell ... Again it did not look like a bonafide sells but cross overs... That was the straw that broke the camel's back ... They really started taking it down.

At .173 a buy came in at 72,900 and just before the end of the day another 100K came in at .173 ...

It was obvious they covered and it began going back up ... Is is the daily scenario of the past few days. MMs are to keep the market liquid and they are good at their job I grant you.

This happens and this is strictly my PERSONAL opinion and not that of E-DMEC, Inc..

Gary Swancey
Paid IR in cash and 250K stock option

Gary
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