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To: HRAKA who wrote (2660)4/4/1998 11:30:00 PM
From: Richard B. Haenisch  Read Replies (2) | Respond to of 7703
 
Hello HRAKA,

I sit in front of a Bloomberg terminal throughout the trading day and every trade that goes by is posted there - BUYS and SELLS

It was quite obvious that the market makers had a hand in keeping the stock around the $4 range - there were numerous consecutive buys, yet the MMs kept the price at 3 15/16 by 4, then at the end of the day people who either wanted to realize their substantial gains from this incredibe week or daytraders sold and caused the price to go to 3 3/4 bid 4 ask.

BUT BY NO MEANS WERE PEOPLE LOOKING TO DUMP THIS STOCK !!!

It was even more obvious that the MM manipulate this stock on Thursday
when the price jumped up to 5 5/16 in a matter of 2 hours, people continued to buy, but there is only a small float of 5 million shares and the MMs decided to bring the stock down to scare people into selling - that eventually worked and created more shares for the MM to sell. WHAT A GAME !!!

That's why Mr. Glenn is imploring everyone not to sell, it will drive the stock up - until a secondary or a split creates enough shares to allow the price to move the way it should - GRADUALLY !!

And "only" on news until then "VOLATILITY GALORE"

Stick with this one - the "upside" is huge, the downside right now with these valuations "miniscule".

See you in the $10 - $20 range

RICO

P.S. something interesting to do, if you have time, check out the early posts back in February, man WHERE WE ALL COULD BE RIGHT NOW IF WE ONLY LISTENED THEN - BUT that's what people will say about us when the stock is trading were it should. (10 - 12) with the Ks confirmed up to now.




To: HRAKA who wrote (2660)4/5/1998 3:23:00 AM
From: Richard B. Haenisch  Read Replies (1) | Respond to of 7703
 
Hello Hraka,

I'm sorry I didn't make myself clear, I counted all buys and all sells
and the buys outnumbered the sells in "VOLUME" 3:1

And let Sam know on post #2670 that the selling volume didn't outnumber the buying volume.

That's why I mentioned what a game these MM are playing with BB stocks with a small float.

Check website stockman-forum.com

That will explain everything about MM and shorting BB stocks

Good night, for the last time

RICO