Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Greenland Corp. (GLCP) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Thayres who wrote (357)	5/1/1998 10:19:00 AM
From: RCJIII	Read Replies (1) \| Respond to of 2278

MM's don't have any inventory, they are selling shares they don't have, the float is only 10 million. They keep it down by shorting shares or shurning amongst themselves so that they can discourage the buying pressure as much as possible. If the stock price stalls, nervous investors sell thinking the stock has topped out. If the price drops it creates panic selling and they can have more shares. It is all a BS game that should be illegal, but on the Bulletin Board it is common practice. RCJIII

To: Michael Thayres who wrote (357)	5/1/1998 10:23:00 AM
From: Dennis Levenson	Respond to of 2278

That's an easy one... If the MMs can cease the momentum buying by keeping the price constant, eventually, you'll see people selling their shares (since it's not moving enough for them).. what does this mean? THe price would go lower so MMs can cover any naked shorts should there be any (just speculating of course)... that's the only reason I can come up with as how it would benefit an MM to keep the price down.. But hey, what do I know.