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Microcap & Penny Stocks : Diamond Entertainment Corp (Previously DMEC) -- Ignore unavailable to you. Want to Upgrade?

To: Sprintcar who wrote (4270)	6/3/1999 3:50:00 PM
From: J Walter Jacobs	Read Replies (3) \| Respond to of 6957

There has been massive accumulation of this stock for weeks. The buy sell ratios have heavily favored buys. The estimate of the 14 million short position came from the analystgroup, no other source. Many of us repeated it. Those that have held long term have witnessed the MM's manipulations repeatedly so the large short figures are, at least intuitively, very reasonable. I wonder about dilution but don't see how that could make sense here. My only real concern is whether DMEC can execute their plan in a timely and professional manner. "It'll be done when its done" doesn't inspire investor confidence.

To: Sprintcar who wrote (4270)	6/3/1999 6:55:00 PM
From: Cola Can	Read Replies (2) \| Respond to of 6957

I agree George there is absolutely no proof of an MM short position. What do you think happens, when you have 2 to 3 times as many shares bought as there are sold, for 9 straight days? 6/3/99 2,930,200 6/2/99 3,220,800 6/1/99 4,394,300 5/28/99 951,000 5/27/99 2,110,800 5/26/99 2,960,700 5/25/99 5,259,900 5/24/99 1,135,900 5/21/99 1,238,100 Total = 24,201,700 shares traded in 9 days. I would say, the MM sold about 8 million more shares than they bought during those 9 days. I have been watching the transactions with realtime streaming quotes. From my numbers, the MM went 8 million shares short in nine days. (This is based on 2:1 buys over sells). 24 million shares sold and we are down to .167 to .17?? From experience, this tells me the MM's are sitting on the bid/ask, hoping "YOU" crack, before the PR comes out. They have gotten me before big time. They aren't getting me this time. I don't care how good a company is, if there are people behind it, it is going up. Now DMEC is a great company. I have no doubts. But the MM's are betting you will sell. The MM's got me on WOTD big time. I bought WOTD at .08, 45,000 shares. I watched it trade in the millions and nothing. The price didn't move. Then the price started dropping a little. Finally I cracked and sold at .04 for a loss,...they got me. Two weeks later it was trading at .24 (ouch!) There are enough people that will crack and sell, and I hope they hurry up and crack and sell. This will allow the MM to cover, plus drive the price down to about .13 to .15, then they will let it run. This will allow those on the sideline a chance to get in, and us LONGS a last chance to buy more, cheaper shares. CC