To: Mel Viticus who wrote (19024 ) 5/23/1998 3:16:00 PM From: Kurt N Respond to of 27968
Is it me or you getting really paranoid???? I'm sick of hearing 'MM's trying to shake out shares, and that is why the price went down. ..... MM's are trying to tank our investment by shorting shares, shake out the weak, and cover at low prices. and then repeat this Dump & Pump. Don't fall for these MM tricks......'. What's next, a FAMH short-squeeze???? Everybody call for your FAMH certificates. If somebody suggests that I repeat, "Do not walk away, Run!!!!". MM's are not saints and if they can and are in the mood they will play games on market orders with moving the bid down (on a sell) and the ask up (on a buy) only to return it to where it was. Other than this type of game the price goes up/down based upon buying/selling (demand/supply). When there is substantially more buying than selling the price goes up (when FAMH moved from $.30 to $.58+, was that MM manipulation??), and likewise when a company shoots itself in the foot (as FAMH did) and there is more selling than buying the price goes down. I've heard this broken record about MM manipulation too many times on lots of other stocks as well. I must thank them for manipulation the price of some of my stocks upwards, yet at the same time I hate them since they manipulate some of my stocks downwards. I'll only complain to the SEC about the ones in where I loose money, yeah...that's the ticket. I'm not saying manipulation doesn't happen. Gotta remember that MM's could care less what the price of a stock is and as long as the buying/selling is in balance they are content to live off of the spread. If volume is low they compensate for having a wider-spread. Once the buying/selling is out of balance the ask/bid is adjusted appropriately. Kurt