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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (2432)	12/27/1999 8:20:00 AM
From: LANCE B	Read Replies (3) \| Respond to of 4792

THIS WAS TOO GOOD OF A POST NOT TO RE-POST IT HERE TOO... To: Wes (6792 ) From: OLD JAKE JUSTUS Saturday, Dec 25 1999 4:10PM ET Reply # of 6803 TO: ALL Reposted from the Raging Bull >>> Diamond Entertainment (DMEC) By: sprintcar Reply To: 7803 by rtw999 Wednesday, 8 Sep 1999 at 8:56 PM EDT Post # 7804 of 11866 Great Post I copied from SI Remember DMEC last week............ H+I... All I can tell you is what I observe... I am in contact with people at PR companies everyday doing research and finding new stocks... Many people at these PR companies are out of touch with the OTCBB market. They think if they release good news, the stock will automatically head up. I am here with many others in the trenches every day. I know what people are feeling. I know what I am feeling. There is something terribly wrong with the OTCBB... I see a number of things happening: 1. Good news seldom moves stocks in the right direction. 2. There are many quality companies that trade on the OTCBB are undervalued and get more undervalued everyday. I have a list of 40 some odd tickers of companies that are reporting or getting ready to report that have positive EPS figures and these stocks are not moving and in many cases are heading quietly lower. 3. Stocks that do move up and sometimes rapidly up move with no advanced notice or sometimes seemingly no reason at all... Used to be not so long ago, I could find these stocks that would go up... for a reason... Wayne, Lance and a few others found these stocks on a daily basis. There is NO WAY to predict how a stock is going to move anymore. More often than not, stocks move down regardless of developments and news. In a nutshell: the market makes no sense anymore. It's like a game with no rules. 4. Some of the "newsletters" can move stocks... unfortunately, the stock is front-end loaded by the "newsletter" writers and all their buddies. When the buying comes in, they are out. Example: look at INNN today. Look at trading on Friday and Tuesday... then look at today. See the accumulation taking place during last two trading sessions before today. Some poor soul bought the stock at 1 3/8... they have an investment now that may take months or years, if ever to create a return. 5. MMs... MMs are a strongly contributing factor to the state of this market. I am beginning to think that damn near every stock on the OTCBB has a short position on it. Look at L2 on any stock with news... the MMs will let it run a little then will pile up on the offer and short the stock at that point. By this time, there is no way you will ever get enough buying in to bust the short position. People get discouraged or scared and begin to sell, then the MMs will pass the stock around on the bid to create the impression of selling... this fosters real selling and the stock tanks. It is ironic that the SEC is making the OTCBB companies report. They (THE SEC) are doing this to "clean up" the OTCBB and make it into a real "emerging companies" market. Meanwhile the MMs run amok and ruin the market. MAKE NO BONES ABOUT IT.... Definition of a Market Maker: Provide for the orderly market of securities and match buyers and sellers... or something to this effect. OTCBB TRUTH: MMs DO NOT MATCH BUYERS AND SELLERS. THE MMS ON THE OTCBB ARE THERE FOR ONE THING: MAXIMIZE PROFITS BY TAKING YOUR AND MY MONEY. MMS ARE THERE TO FLEECE INVESTORS AND TRADERS ON THE OTCBB. The SEC is cracking down on companies to provide information to investors. Until there is some enforcement of rules and regulations on MMs on the OTCBB, many stocks here will be bidding 0 before too long... if the stock goes to 0, why cover the short. In the meantime, many new companies that depend on stock offerings to get themselves up and running in the world are going to find little in the way of financial aid by doing stock offerings on the OTCBB. 6. I think (MY OPINION) that a LOT of money is coming out of the OTCBB... for whatever reason... A few weeks ago, when all the margin calls were piling up cause big internets were tanking, people sold stock to cover the calls. They will, 9 out of 10 times sell their OTCBB holdings followed by NASDAQ small caps etc.... I have been told and have learned that there are a LOT of people out there who think the world as we know it will end Jan 1 2000. People are taking money out of the markets and going to cash, gold or whatever. In my opinion, if it is going to be that bad, cash will be worthless too. The bottom line is that MMs/shorts know money is going out so they are shorting everything that has any volume on it. MY OPINION: If something doesn't start happening positively, many small and medium sized businesses will tank along with their stocks. If this happens there will be a real problem... maybe this is what needs to happen to fix it.>>> ------ Previous \| Previous \| ------ \| Respond \| Quotes - News - Discussion - $5 and Under View SubjectMarks Bookmark this Subject Diamond Entertainment Corp. (OTC:BB: DMEC) Date: Dec 23 Last Trade 0.035 Change 0.000 ( 0.00%) Bid 0.033 Ask 0.040 Volume 000 Prev.Close 0.035 Open 0.000 Day Range 0.000 - 0.000 Last Tick 0-0 Avg.Volume 0524,2000 52-week range: 0.020 - 0.500