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Microcap & Penny Stocks : HGRM--Any Followers? -- Ignore unavailable to you. Want to Upgrade?

To: WallStBum who wrote (2244)	4/5/1999 5:24:00 PM
From: Eric Fader	Respond to of 3576

BTW Dax, notwithstanding my earlier-professed cluelessness, it is a fact that MMs were short, shorter and still shorter on the run to the low 8's. I just figured your guess was as good as mine as to whether they were still short at this point, or up until this point. Could be. Now that I have a few spare minutes that I didn't have before, there's also a certain human impulse, which my own MM just demonstrated last week (on another stock), to want to "get even" once burned on a particular stock. It would not at all surprise me, for example, if a MM who sold a lot of HGRM short at around 4, and multiplied his bet all the way up to 8, ended up covering the whole position at a loss, say, in the 5's and 6's. And it would also not surprise me if that same MM, in the interest of "maintaining an efficient market" of course, sold short some HGRM a few weeks ago when the spreads were huge and took particular satisfaction in (as well as profit from) the stock's recent weakness. In fact, maintaining huge spreads is itself a common and "permissible" way for MMs to make a few extra bucks to make up for a loss incurred on the stock previously. For the record, I, for one, am of the opinion that you knew all this stuff already. We're all searching for answers when a stock's drop doesn't make sense to us, and sometimes just the way that someone puts a string of "old" thoughts together in a slightly "new" way can be of some help. But I'm afraid this attempt falls short. -Eric

To: WallStBum who wrote (2244)	4/5/1999 6:06:00 PM
From: Leslie Tack	Read Replies (1) \| Respond to of 3576

Mr. Stoner.... Since we are listing letters after our names....I do have a Ph.D. in molecular spectroscopy and I have used the latest technology in lasers and optics and I know a fair bit about holograms. I have about 24 technical publications and I have worked as a scientist at UC Berkeley and the Argonne Laboratory where the atom bomb was first developed (early stages). All this technical knowledge helps me understand the technical features of HGRM and their applications. But that aside I know very little about the present financial situation of HGRM....I don't know what their revenues and profit were for 1998. I don't know what is projected for 1999. I am in the dark and I am holding my stock at this point. So I freely admit I am guessing here. This is speculation. But I can analyze what is said on this thread and I don't believe the theories about MM's and their role in the price of HGRM. The price of HGRM is largely in the hands of the people who run HGRM. It's not a big issue with HGRM that they inform the investors on the financial health of the company. Bob's waiting for June....maybe and just maybe we will know more than we know now.