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Pastimes : The OTCBB Garbage Dump -- Ignore unavailable to you. Want to Upgrade?

To: Tom Allinder who wrote (1847)	9/8/1999 8:24:00 PM
From: Due Diligence	Respond to of 2942

Excellent Post. I concur with many of the points you mentioned. Especially the MM's dealing from the short side. Also believe they moniter the internet for the first sign of emotional reaction. Do believe they are the "pro's". Kind Regards, DD

To: Tom Allinder who wrote (1847)	9/8/1999 8:40:00 PM
From: Honor+Integrity	Read Replies (1) \| Respond to of 2942

Tom: You are right on the money. On every point you raised. We have talked about numbers 1-4, which are simply symptoms of the true, underlying problem(s). I still consider myself to be very much on the learning curve of the way the OTC works, but it is becoming increasingly evident that stocks that move are only moving these days under circumstances where they are "permitted" to move. In other words, the market is no longer a true reflection of legitimate buying or selling pressure. As to your 5th point about MMs, I have been reading about this lately--and the open hue and cry that the SEC will bring these crooks to justice. From my point of view, however, it is hard to tell whether or not the last couple of months are truly an aberation--or whether it simply represents the cruel, cyclical nature of OTC BB trading (but then, this is my first summer/fall following BBs). Whatever the cause, I agree with your impression that the OTC is hemorrhaging dollars. And if your final opinion about the failure of small and middle-sized businesses is correct (and I fear it may be), then the timing of the phenomenon is most unfortunate indeed. The even you are describing would have a lot of these companies going under at, or near, the end of the year. If that is true, then all we need to see is some modest technology-based Y2K failures and there will be mobs of folks willing to buy into the whole thing--hence the proverbial self-fulfilling prophesy. Not a very cheery forecast.