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To: Jim Johnson who wrote (1852)6/20/1998 1:34:00 AM
From: del clark  Read Replies (1) | Respond to of 4230
 
This stock is actually trading 40k a day on average. It is market makers churning the stock and or shorting it. I haven't seen a normal trading day on this stock since I bought it. mmmmm is right. Do some back reading you'll find some more knowledgeable in this matter than I. The fundamentals are there and that is all that counts. Next month it should be a reporting company and that will make huge difference in the price as well as how the market is made.



To: Jim Johnson who wrote (1852)6/20/1998 1:43:00 AM
From: PistolPete  Read Replies (1) | Respond to of 4230
 
An important thing to remember is that the volume you are seeing at the end of the day is distorted. The true volume is probably not more than 30% of what you are seeing becuase it counts sometimes several times between MMs just to make one "trade". Another is that MMs are not reaching into a box full of stock certificates every time they make a trade, they are simply taking the call and filling the order, figuring they can buy cheaper later, perhaps by "walking" the price down; the "naked short" has been discussed many times here, seldom better than in Brodway's Post # 777. There are also some really informative posts on Yahoo which were written by "Cardshark_1999", a former OTC MM with something like 27 years of experience in the business, and I recommend you read his commentary on how MMs operate.

My personal view is that there is little question that a noteworthy short exists. How big it is and what kind it is is anybody's guess.