To: James Harold Alton who wrote (7087 ) 7/27/1998 8:29:00 AM From: Dean Dumont Read Replies (1) | Respond to of 19331
James, I stand by your post here to Clamenza. Watching the development and growth of DCI has been an experience for me. I have not seen a company like DCI in a long time. I would like to see a comparison between DCTC and SMTK and its growth patterns. I have watched SMTK come down in price and values. DCTC is about to catch them. As for OLIE's position, only the trader knows what he has and we will have to continue the buying pressure at him on a daily basis. I do know that when he is shown any size or continuous bids to buy from him other MM's join him. He isn't alone at the offer for a very long time. If I were a bettin' man, dice anyone, I would think he has sold what ever inventory he had and is now selling a few more shares. This would fit a perfect situation of: 600,000 shares in inventory. Sold it with an average of 1 3/4 = $1,020,000 so lets sell another $1,000,000(600,000 shares) worth and have $2,0200,000 on the trading deck and see what type of down side pressure we can create for the stock and look to make 1/8 on 600,000. This type of selling creates a strong trading deck. It will depend upon the shares that were used to short (oops sell) the stock. If they came from the "No Toilet Paper, heres a Maple leaf" selling, it is restricted shares. I think traders should start running guarantee'd delivery when they buy. If this situation is happening he is looking to make at LEAST $75,000 to $150,000. Question, where is he getting the paper to sell this type of stock? "Molson Aye" or "Tea with Limey in it". Its hard to say and if the selling of restricted shares is happening I think the TRANSFER AGENT needs to watch very closely the shares that get returned and or look out for any bogus opinion letters that will be violating many S.E.C rules. If the transfer agent was also doing their job they should inform Mr. Murphy or the companies attorny's and the S.E.C. that restricted shares are coming in, they have opinion letters and they all need to be cancealed and then turned over the the federal agency that investigates stock fraud. This is what I would do.