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To: grantsi who wrote (16303)4/29/1999 11:21:00 AM
From: MICHAEL CRAIG  Read Replies (1) | Respond to of 22810
 
Grantsi=LOSER



To: grantsi who wrote (16303)4/29/1999 11:49:00 AM
From: David Colvin  Read Replies (2) | Respond to of 22810
 
My point again that you all seemed to miss, is if this is such fantastic news and mdin is going to the moon, as some people suggest then why would you sell so cheap. don't you find it amazing that a stock can trade 5 million shares on great news and go up only 1 cent.

Did you ever even think about the fact that the market makers were selling stock out of inventory they had been accumulating for the last few days, weeks, months?

When trading OTC BB stocks, when you sell you sell to a market maker, not someone else.....likewise, when you buy you are buying from a market maker.....period!

It's entirely possible that all shares purchased yesterday were from one or more market maker's inventory which they had accumulated previously at a much lower price. These guys don't just make money on spreads....they make money buying and selling stock, and they are much better at this game than the average retail investor out there.