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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?


To: dave brown who wrote (17859)5/17/1998 1:43:00 PM
From: PsycProf  Respond to of 27968
 
Dave,

Usually I don't agree with you but in this case I do. I got a phone call last week from a broker in Denver. He heard of me and my investment group from a friend. He wanted to know about FAMH. We began talking and I soon realized that he had a great deal of contact with MM types. I asked him if an MM would purposely hold a stock's price down. His answer was; "maybe for an hour or two so they could accumulate more shares before a big run-up." His answer implied to me that FAMH's plunge is not just about the MM manipulation of the stock price.

I am still long on FAMH but I believe that it will take concrete news regarding earnings and # of diluted shares to get this stock moving.

GO FAMH! I am still waiting with the patience of Job.

-PsycProf



To: dave brown who wrote (17859)5/17/1998 5:27:00 PM
From: Pugs  Read Replies (1) | Respond to of 27968
 
The fact the price goes down everyday is calculated and strategic. The MM's can create the illusion of volume & selling by churning amongst themselves to create panic selling and shaking shares on behalf of their large, naked short positions.
Investors must watch for buying on the bid, this is a sure sign a MM is selling to another MM (churning), also watch for confirmation on S.I. threads from naysayers/accomplices that there is much selling actually taking place, dump & pumpers will have accomplices on these threads 'explaining' to shareholders 'why' there is selling, 'suggesting' it may be time for all to selll, etc.
If you've done your diligence and can see thru the games, it may be time to increase your position and demand your shares in Name form.

All the Best
Pugs



To: dave brown who wrote (17859)5/18/1998 2:14:00 PM
From: JIN CHUN  Respond to of 27968
 
Dave, I'm not saying that the current price is a reflection of MM games only. By the way, it is not always the best bid and ask on this exchange. To think so, IMO, is to be too trusting of the MM's. Perhaps on the bigger exchange, where it is available via third party sources what the best bid and ask is from the public, outside of the market makers, but even then there is precedence of price fixing.

Jin.