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 : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: LegalBeast who wrote (12221)	8/19/1998 2:54:00 AM
From: Fred Seitel	Read Replies (1) \| Respond to of 43774

LegalBeast, when is the next shareholder meeting? - Fred (eom)

To: LegalBeast who wrote (12221)	8/19/1998 6:38:00 AM
From: Tom Murphy	Read Replies (1) \| Respond to of 43774

LegalBeast...Thanks for the information, but I am familiar with MMs ability to manipulate stock. I am a Manager for a large publicly traded company and from time to time I have dealings with the primary MMs in our stock....Current estimates are that 40% of the trading volume on the Nasdaq is MM churn...MMs trading with each other to create volume and hence interest in the stock....Forbes did a great story on the Nasdaq a few months back that every investor should read(sorry, I don't have the link)....So the bottom line, I do understand how MMs work. Unfortunately, now small investors blame all their woes on the wicked MMs. Nobody can believe their stock is not going up....its always the MMs manipulating the stock to keep the price down. You see it on just about every message board on SI and Yahoo. I have watched the ticker on PRWT and in my opinion...right now...the stock is down because there are not enough interested buyers. Sometimes it just boils down to simple supply and demand...and with the large float, the supply is currently more than the demand.