To: Dave Shares who wrote (1697 ) 1/21/1998 10:02:00 PM From: Anthony Marks Respond to of 27968
Folks I'm not convinced that this stock is being manipulated by an MM. Take today for instance, we had 823,700 shares in trade. Range was from .29 -.24 total spread of .05 . If an MM were shorting Naked they would have to cover sometime. Assuming that they covered all at .24 and sold all @ 823,700 shares at .29 which is impossible. They would only make 41K and if NASDAQ BB is the same as regular NAS that volume would represent 1 buy 1 sell and only 20.5K not hardly worth there time. IMHO. Before you guys jump on me, yes I realize that this can't happen like I Illustrated. I just wanted to show what the maximum dollar value for the total price change and volume was today. They would be lucky to pocket 7K. (Chump change) I would guess that IF an MM were working this stock they would work it up not down since up offers the largest room to operate in. (like Tmex does) All just my way of looking at this, take it with a grain of salt. Little Engine, I've been reading your posts for some time now and although I really don't care if you like FAMH or not I find myself asking the same question over and over. Why doesn't this guy sell and move on? You obviously think this is a sham. I have been in stocks that didn't turn out like I planned, It happens. I wait for the next bump up, sell and press on. Just curious why your hanging on? It takes a lot of time to do all the work you do, I wonder why you don't spend your time on stocks that seem more attractive to you. I'm not trying to attack you, hope it doesn't sound like that. You have made some really good points but I am a little bewildered by your investment style. Hope whatever your plans are they bring you and the rest of us prosperity. AWM