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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?


To: Ron logo who wrote (3802)10/17/1998 11:38:00 AM
From: Roger Bodine  Read Replies (2) | Respond to of 7609
 
Ron,

Thanks for sharing information on how & why the Market Makers work. Any more inside stuff appreciated so we can better understand why the pennies get stuck.

So besides the company making normal progress, the MM's have to get in position before it moves up. Sounds like the company has little to say about their own stock!

The MM's can't be making much as these levels. A million shares costs about $7,000 at .007 ea. Even if they wait until it doubles, they only make a few bucks. For a company, that is pretty slim returns for controlling this hour after hour for weeks. Or am I not understanding this? I realize they have a daily turnover but why bother at the level of around 2 million shares of average daily trading?

Roger