To: Forest Gump who wrote (13034 ) 4/20/1998 7:47:00 PM From: Mark[ox5] Respond to of 27968
WHO IS DOING THE HUGE SELLS? That is the million dollar question and I have a hard time believing that the huge sells are from people who don't know something. Am I just being paranoid (again). Ok let's see.. up to .68 on 2M shares in the early AM Down to as low as .56 on the additional 800K shares in the late AM and PM. As to your question, I would say 1 of the main answers is all the daytraders who bought in late on Friday expecting a huge run up today, and then saw the first stall at .68, they assumed it was just MM games to bring in some sells, but when they saw it was not a game.. just continued downward with no more up, they dumped their shares to move to things that actually move quickly. So therefore many sells. Today was not MM games. If it were, I (as a MM) would of opened at .75 and created a lot of excitment at the HUGE gap up & made a huge profit on all the shares I bought last week in my inventory at .54 and .55 and .56. Then I would drop the bid/ask all morning to cause people to panic and sell and then buy back those shares much more cheaply. Let's face it people..thats what MM's usually do on big news, they know they can get away with it.. but it didnt happen today to FAMH. So I disagree with anyone saying MM games today. All we saw a huge a$$ float that we are going to have to live with for now. Re: comments about ATXI merger failing If this unlikely scenario happens (IMHO I really really doubt it for many reasons I posted in the past) I would immediately issue a press release with financials for 1997. This is a huge monkey on our back... along with this huge float. Expecting .54 again soon. IMHO Need a lot of buying to move FAMH on this exchange, and this is not an exchange for "investors"; its an exchange for traders and momentum. And I dont see that happening on this exchange to be blunt. If we had 3 or 4M shares of float to take care of yes, but we have a lot more than that... Back to Reality, Mark