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


To: ETS/316 who wrote (4297)6/4/1999 7:19:00 AM
From: Cola Can  Respond to of 6957
 
if the MM's have to cover how is it beneficial to us shareholders, I mean they would be more short if news was to come out and there was a lot more buying right?

There will come a time when the MM's will have to bite the bullet
and raise the price to get shares. If the buying continues in the
fashion it has the past 9 days, two weeks from now, they'll be
about 8 million more shares short, which will be 22 million.
That is 2/3 the float. This is, provided people don't
panic and sell. As long as the buying is there, the MM's are getting
more short each day, big time. If the buying slows down, you will
see a price drop to really scare people.

CC