SI
SI
discoversearch

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 : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?


To: PHarris who wrote (563)12/29/1997 11:29:00 PM
From: Brad  Read Replies (1) | Respond to of 27968
 
Hi Priscilla!
I think that's one of those "mysteries of life." The last week looked like there was substantially more buying than selling. But the overall volume has been low and that allows some of the MMs to naked short the stock.

They will cover at some point, but not until the stock starts to see more volume and more buying pressure which I don't expect to see until the first week or two of January. Then the shorters will cover quickly and get out of the way. It is then typical for the price to jump quickly.

As one broker I was talking to today said, "This is a time when some of the market makers just do what they want to with bulletin board stocks."

Interestingly enough, that same broker told me he bought FAMH for himself at 32 cents last week because he's confident in it. He's waiting to see a big increase in January-February just like the rest of us.

MH Meyerson is the MM that seems to keep holding the price down right now. But when volume hits, I expect they will be out of the way in a hurry!!

These are MY OPINIONS ONLY! I could be wrong. But that's MY answer to your question.

Best wishes,
Brad