To: wmj who wrote (1641 ) 5/1/1998 9:39:00 AM From: Dixie7777 Respond to of 8242
Couldn't help but borrow this from the DGIV board. I believe it could be VERY educational to those that may not fully understand what the MM's power is on these BB stocks, and why we/oyu must be vigilant when a MM hireling shows up to cast "disinterested doubt" around. Read below and see if things might get clearer. And yes I'm a DGIV'r also. To: HRAKA (1504 ) From: Richard B. Haenisch Thursday, Apr 30 1998 11:34PM ET Reply # of 1643 GOOD EVENING, EVERYONE ! WELL, doing a little of my favorite pre-bedtime reading (required reading that is) IF I CAN HAVE YOU TURN TO POST #1432 FROM WD, PLEASE - VERY INFORMATIVE !!! Take a look at the MM - there are really only 5 market makers who really make a market and dictate the market for DGIV. No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for those of you who remember, Mary Ellen called me from Nash, Weiss & Co. to get MY shares - not bad - call from one of the two mm