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Strategies & Market Trends : HomeLife: A Global Franchise Real Estate Company (HMLF) -- Ignore unavailable to you. Want to Upgrade?


To: Cliff Daniel who wrote (36)7/27/1998 7:24:00 PM
From: EubieV  Respond to of 383
 
Talked with the company today. Have a bit more understanding on the MM situation.
The MM are VERY short on this stock. They estimate 4-6 Million short. In fact they are under SEC investigation. I don't think the MM's are a problem the company will have to worry about too much longer. There are more than 2-3 hundred K in the public float, but only 2-3K ever trade on this stock (over the past 2 years) because all the rest are in Friendly hands--long term holders. Company has over 4 million in assests, over 1 Million in Public Float and plenty of shareholders. See a pattern here??

I have a limit order in and will continue to buy at MY limit. I think the stock price will continue to fluctuate until the MM realize they have to cover.

Wonder what would happen if someone tried to order anything over 10K of this stock. Of course I can't do that, but I bet they'd never get filled.

Hey, this is my first "speculative" post. I am throwing around a little guessing, but I'd like to hear some other ideas on the way this stock is trading. Volume sure is up.

Anyone with any other opinions?



To: Cliff Daniel who wrote (36)7/28/1998 11:16:00 AM
From: Cliff Daniel  Read Replies (1) | Respond to of 383
 
Don't blink, cuz you might just miss a trade go by.

:)

Cliff