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Microcap & Penny Stocks : Allnet Services.com Corp. (ANSC) -- Ignore unavailable to you. Want to Upgrade?

To: Forest Gump who wrote (1095)	4/29/1999 8:54:00 PM
From: Lee Harper	Respond to of 1468

Forest: I often don't trust what I read on the web about these penny dreadfuls, and unfortunately the web is the primary source of information about them. Doesn't matter whether it's message-board opinion or company press releases. I pay more attention to the medium than the message, which includes both the PR surrounding the stock as well as the way it's traded. For example, only until recently did Allnet stop likening themselves in their press releases to other e-commerce companies, ones with vastly higher market caps. This name obvious dropping even included links so the reader could click and see how high the stocks of these "comparable" companies were trading. That's pretty shameless and misleading self-promotion of Allnet's stock over their actual business. And the recent deal with AOL, such as it is, did anyone else notice the jump in volume the day BEFORE the press release? Lot's of selling into that rally, but by whom? And how about the way this stock is traded. It's common knowledge that especially with BB issues market makers will trade shares back and forth in order to give the illusion of buying, with the intent to draw buyers into the stock after a news event such as this morning's. Panic people into the stock, as it were. Only problem is, this stock seems to tolerate very little selling. A couple of sells of several hundred shares or so is all it takes to drop the bid, while the ask remains high. Did you see the spread on it this morning? The market makers love selling shares at the high price, but any selling to them is pure poison. Sorry, the PR department can blow rainbows up investor's asses until the cows come home, but something doesn't jell here. Besides, too many other fish in the sea, to mix metaphors. And this fish is dead in my opinion, and really starting to stink.