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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?


To: Cliff Daniel who wrote (2653)5/25/1998 12:39:00 PM
From: Tim Luke  Read Replies (1) | Respond to of 11850
 
IMO, there will be a lot more new people jumping in this stock tomorrow after having 3 days of research.



To: Cliff Daniel who wrote (2653)5/25/1998 12:40:00 PM
From: Secret_Agent_Man  Read Replies (1) | Respond to of 11850
 
TAKE ALL THE LIMITS OFF! NO ORDERS BEFORE MARKET OPENS! THEN BUY LIKE MAD!



To: Cliff Daniel who wrote (2653)5/25/1998 12:54:00 PM
From: Patrick Lauder  Read Replies (3) | Respond to of 11850
 
I hope someone here will correct me, if the MM's lower the bid on Tuesday and lots of people put in market orders, those orders by law have to be filled on Tuesday. Therefore if no one is willing to sell the MM has to up the bid/ask until someone will sell the stock to be able to fill the market order.

But at the end of the day the MM can walk the stock back to whatever he wants, no? How can we stop these monsters? Sometimes I think they can even get around the name change of a company if they have shorted.

Excuse my negativity, I guess I'm playing devil's advocate hoping to find answers. Someone please supply them!

Thanks in advance.

Pat



To: Cliff Daniel who wrote (2653)5/25/1998 1:15:00 PM
From: macker  Read Replies (2) | Respond to of 11850
 
for starters, the mm's covered a big chunk of their shares on friday, forest and rico already pointed this out. the short position may not be as large as everyone thinks, imho, but that does not stop all the mm games anyway, they will continue to panic people. secondly, the float size remaining should not be as big a concern as who owns the float, strong hands or weak hands, if the float did get too small, which probably wont happen, the management could release some shares in a hurry to rectify the good problem to have. uselton is very aware of mm dynamics. in my conversations with him, he had several plans already to address whatever games the mm's want to play.

macker