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 : AMERICAN BIOMED, Minimally Invasive Technology (ABMI) -- Ignore unavailable to you. Want to Upgrade?


To: Larry E Smith who wrote (121)3/9/1998 9:00:00 PM
From: Jeffrey L. Henken  Read Replies (1) | Respond to of 2887
 
Thanks Larry I appreciate your posting the trading volume and I had several reasons to ask you to do it for us but perhaps I should let sleeping dogs lay?

In that spirit I would like to apologize to the entire thread and all those out there who read these posts and are what we consider lurkers for the recent ugliness that occurred between myself and a couple other posters.

Some might say that what transpired was completely due to my thin skin and big ego.

Perhaps

But let me give you the outline of another scenario and let you the readers and other posters on the thread decide if this subject merits further discussion.

First off is there anyone on the thread who doubts that there were never any trades made on Friday larger than 50,000 shares?

Second is there anyone who would be interested in my opinions on how even one single market maker or day trader can make a great living off a 3 cent spread that grew to 5 cents on Friday.

Fear and Greed are powerful motivators!

Selling into the fear on a day like Friday after the stock rose to 55 cents and then fell to 40 cents could cost an investor looking for long term gain to sell in a panic.

Buying back later could be much more expensive.

The main question is does anyone else care that a day trader holding hundreds of thousands of shares of ABMI can easily manipulate this stock and create a panic?

A PANIC THAT MIGHT MAKE YOU SCARED TO HOLD YOUR SHARES?

If anyone out there wants to talk about this then lets discuss it.....

I would also like to thank Doc for his words of wisdom. I promise with my next new toy to buy all the goodies and take real good care of it.
But Doc how can I justify a new toy to my wife if I don't break the old one?

To Bill Fortune III I would like to say simply this, "It could happen!"

regards, Jeff