Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations! -- Ignore unavailable to you. Want to Upgrade?

To: David L. Wasylenko who wrote (5397)	7/16/1999 8:46:00 PM
From: steve	Read Replies (1) \| Respond to of 5847

Some good talk from brokerstockfan at RB By: brokerstockfan Reply To: 735 by PistolPete Friday, 16 Jul 1999 at 6:07 PM EDT Post # of 741 Important ANYI information inside. 1. Anyone who believes this company or stock should be evaluated on the basis of a one MM market during the opening two days clearly is ignorant of the way markets operate. 2. Part of the process will now involve building liquidity which comes with more MMs over the next few weeks. This is an exciting company. The MMs will come. And that means competition for shares. 3. If YOU were the MM can you think of any reason to raise the price at this point? none. The only thing that makes sense is for them to keep the stock low and try to get shares at the lowest price possible. What would be the incentive for them to pay MORE for shares. Right now CBAY dictates the market. Why in the world would they raise the price they have to pay when they control the entire market. It would be like expecting a gas station that monopolizes an area to lower its prices simply because that would be a nice thing to do. 4. MMs are not bad people. They are necessary parts of the market. Market making is inherently psychological on otc stocks. Brace yourselves for moments of pain in the short-term but the long-term prospects in my opinion are extraordinary. This stock will skyrocket IMO but ONLY when the MMs are ready for it to do so. There you have it. Quit your whining. Show some patience. Everything Sitra and the company has done they have done right. If you don't have faith in them at this point to stick out the early days of trading, you really don't deserve to be holding this stock and reap the rewards. The company pushed through the SEC and NASD in record time and has MMs chomping at the bit to start trading this. Give the MMs time to get their paperwork through NASD and get going. Give the online brokers time for this stock to get in the system. Give the market time to catch up with what we all know already. The bottom line is that anyone who is judging this company or the stock's performance so far based on a one MM market is absolutely blind to how markets operate.