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Microcap & Penny Stocks : IHTL Innovative Holdings&Technologies Telemetry in Sports -- Ignore unavailable to you. Want to Upgrade?

To: Sportfish who wrote (574)	7/22/1999 3:41:00 PM
From: bobkern	Read Replies (1) \| Respond to of 689

Doesn't make sense, does it? One thing seems apparent though. Looks like the MM's may really be short on this one. They are trying everything and yet nobody is selling. They have kept the gap pretty wide for a week now. Sure wish we could get another PR right now and rip this one out of their hands completely. Not only are we down after yesterdays news, we are still trading far below what this one is really worth. Just from the news we have gotten, it is obvious that this one is worth much more than a dollar. It is criminal that MM's can have so much control over these stocks and get away with it. They hold these BB's down when they are short shares and scare people into selling for losses. Then when their inventories are back up, they let them go so that THEY can make money. I truely believe more people loose money on BB's, not because they made bad investments, but because MM's scare them into believing they made a bad investment. IT'S CRIMINAL! The most common tactic used by MM's is what we are seeing here. Big news about a $51M contract, which probably caught them off guard, then news of a 19% share reduction, and they keep the price down to cause investors to question their investments and sell in panic when the price doesn't move up but rather stays down. The good news is based upon todays trading, nobody is selling. (Of course few are buying as well) Now they have a decision to make. Let it ride up and cover their shorts at a higher price or keep up the games hoping to create panic. Each day that goes by and they are able to keep the price down creates more nervousness with the investors and more will eventually sell into the MM's. This is why I keep praying we get something else big from the company NOW! If they released some "monster" news now, the demand for shares would jump dramatically and the MM's hands would be forced. They would have no choice but to buy shares at a much higher price and loose LOTS of money. Depending on the news, and the buying frenzy that would follow, the MM's could really be in a pinch for a change. Don't know about the rest of you, but I would love to see the tables turned on them for a change. We have all been at their mercy too many times and I would like to see the shoe on the other foot. Any guesses as to where I would like to put that foot also? This is just my opinion. If we could only get another powerful release soon, we would all be happy campers (except for the MM's, that is). Good luck everyone. Thanks for listening. Bob