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Biotech / Medical : ACMI - Accumed Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Sigmund who wrote (1732)6/3/1998 10:00:00 AM
From: Frank Buck  Respond to of 1894
 
Sigmund,

Looks like ProxyMed (PILL), Commonwealth and Bellingham are getting tighter. Interesting ownership position Bellingham has in PILL.....

Message 4700372

I wonder what this bodes (if anything) for AccuMed down the dusty trail.

Check this out regarding market makers from another thread;

On the worst side, you saw investors buying heavily, with buying outnumbered selling by 95%, as Rico said, and yet the MMs bringing the stock price down by the end of the day. What a joke!

They did this by illegal shorting from US citizens through Canadian brokerages, and by questionable if not illegal trading tactics by MMs who use exhorbitant spreads and heavy naked shorting with the intention of bringing the price down later and covering. It is tactics like this, widespread trhoughout the BB marketplace, that will eventually either shut down small public company entrepreneurship, or bring down nasdaq. I don't mean nasdaq bb, I mean nasdaq.

There is already a billion dollar class action lawsuit in the courts against nasdaq and MM tactics, and the SEC has put nasdaq on notice that if they do not self-police themselves, the government will do it for them. This has been reported in the press over the last month.