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Microcap & Penny Stocks : DIAMOND EQUITIES DDEQ -- Ignore unavailable to you. Want to Upgrade?

To: CBurnett who wrote (167)	5/27/1999 8:29:00 PM
From: Chuck Rubin	Read Replies (1) \| Respond to of 1143

From the RB thread: By: spearit2 Reply To: 1628 by panchovilla Thursday, 27 May 1999 at 8:13 PM EDT Post # of 1631 Pancho, I am the yo-yo you are referring to. Nice sense of style. Your postings are so easy to refute it's a joke. An example, here is the part he leaves out, Pancho do you work for the media as well as being a self proclaimed "bon vivant"? You certainly are well versed in the distortion of fact. Here is some more text from the 10Q: The persons named in the indictments as discussed in prior 10-KSB filings, are no longer officers, directors or control persons of the Company. 9 The government informed the Company on August 21, 1996 that Mr. and Mrs. Westfere, the Company's then current Chief Executive Officer and Secretary/Treasurer, were neither subjects or targets of the grand jury investigation, and the government did not contact any other then current officers or employees concerning the investigation. The government has never informed the Company as to the relief, if any, to be sought. The Company complied with the subpoena DUCES TECUM (to produce Company records and documents) it received and cooperated with the government's investigation. Again your information and posts could be valuable if they were representing the whole picture ar even a minute portion of it. As they stand, and as you have always done, they are disturbing representations of the truth. If you do not ever buy penny stocks why are you wasting you tremendous intellect here? You certainly have no credibility here.

To: CBurnett who wrote (167)	6/3/1999 6:39:00 PM
From: The Saint	Read Replies (1) \| Respond to of 1143

I found this on RB I think it answers my question> There is nothing magical about the $3.50/share. While it is try that market psychology can substantially alter the price of a traded security, and that resistance levels do exist for many (DDEQs happens to be between 3.50-4.00 IMO), I believe what happened today is exactly what has been described in several earlier posts. The demand for DDEQ today was obviously impressive, newcomers to the scene (including many daytraders) were likely caught up with the rapid price escalation they witnessed and wanted to be a part of it. However, once the MMs ran short of shares (which is only going to become an even greater problem as we near IPO and launch time!!!), they needed to lower their ask to bid spread to give the impression (false) that we were reaching a limit in terms of the price hike for the day. The "Weak Investors" observing this scenario start to become a little nervous as it appears the price incline is slowing down. What is in fact happening, is the beginning of the "Shake out" by the MMs. Since they must now cover their previous shares that they shorted (borrowed from someone else in order to sell to another interested party) as their stash runs dry, they must now cover their short. Now if you had to cover a short (ie. pay back the investor who loaned you the shares in the first place), would you want to buy back those shares (which you will flip over to the lender) at a low price or a high price. Of course, a low price. As the ask starts dropping, the weak investors begin to be shaken for fear that the stock is on the verge of a trend reversal... They sell, which other weak investors witness, and they in turn, sell as well. This leads to a vicious self-propogating cycle that draws with it larger and larger crowds into selling their positions (for fear of losing that profit they once had). The Saint