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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (14534)10/9/1998 10:18:00 AM
From: Tai Jin  Respond to of 18691
 
Barb, you're right. The MMs would have to be soaking up the shares. I guess the problem with this stock is that there is just very little interest (buying or selling). I think we'll have to be patient with this one.

...tai



To: Mama Bear who wrote (14534)10/10/1998 1:34:00 AM
From: chester lee  Read Replies (1) | Respond to of 18691
 
Barb,

I read somewhere (long ago) that one method to raise the price of a stock is for the MM to trade among themselves.

HRZG buys from FAHN, and the price goes up. later FAHN buys from HRTZ, and so on. At the end of the day, the net inventory held by the MM(s) are substantially the same, but the price of the stock has risen. I could be wrong, but I read about these types of situations a lot on penny stock threads.

Somebody correct me if I'm wrong.

chester