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

To: Ken Johnston who wrote (4317)	6/4/1999 7:41:00 AM
From: Cola Can	Respond to of 6957

Suppose as a result of this thread and others like it (RB, the number of newsletters touting DMEC, etc.) not as many leaves get shaken out, then what? The MM's will try to drive the price down and continue to shake until a PR comes out. But I haven't seen this much buying, over such a time frame, on a stock with this float size. Usually there are a few days of heavy buying, then the normal days of buying, then heavy buying again, then slow days of trading, etc... But DMEC has traded over 24 million shares in 9 days of heavy trading (mostly buying). Usually when the heavy buying is over, the MM's start their shake to scare people. People think the stock has run its course and start to sell. The MM's cover. The MM's probably are hoping people think the price has peaked and going back down, so they will sell. There were also so large blocks traded among the MM's and this caused some people to think there were large blocks being dumped. This would cause people to panic and sell, because large dumping would cause the price to go down. Also, time works in the favor of the MM's. Some people get frustrated and sell. Some think they can sell, and buy back later, after they play another stock. How long will they keep this up? I think until a PR comes out. If the buying slows down a bit, then they will have a good opportunity to shake people. But so far, the buying hasn't slowed down.