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 : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 -- Ignore unavailable to you. Want to Upgrade?

To: Alan Coccio who wrote (366)	6/12/1998 11:52:00 AM
From: LT	Read Replies (1) \| Respond to of 5541

I spoke with Jeffrey Volk at Investor relations. He seemed a bit peeved at all the calls. Said the company hasn't even released a picture yet and these are just "normal market pressures", I am skeptical about the way it went up very steady on no news no hype then dropped rather fast on the news. He (Volk) didn't seem concerned with this and said MVEE is "right on target" where they want to be at this time nothing else going on. LT

To: Alan Coccio who wrote (366)	6/12/1998 1:00:00 PM
From: Alberto B. Plata	Read Replies (1) \| Respond to of 5541

i agree with you.. but since you are so experienced and you knew so much about market makers being crooked. you could have come in @ .19 and exited @.37. Your 30 years experience just taught you to see things when it was going down??.. and not when it was going up?? Come on Alan, with a possible float of over 60 million shares and stock was up 76% in less than 18 days... You have to expect profit taking...not market maker manipulation. I agree they tend to accelerate the downward/upward movement, but this not NYSE or Amex. I can not buy shares directly from the sellers, it is not open auction.Every thing goes through the market makers. I did not see you complain when the market makers accelerated the price movement upwards prior to all the good news. Greed and Fear....not just market maker. Do not underestimate the internet investors. This event makes me believe that you are not giving them enough credit. They are getting savier and smarter everyday... They are now selling BEFORE the news, not ON THE NEWS... and they are not that greedy anymore...They sell even for 30 to 50% gain. They go in and out and come back in again at lower price.. If that is not smart.. I don't know what is.