Hemi Energy Group Inc. (fka HMGP)

[PinkElephant]

I have to disagree on one point. I know that the MMs are by definition the very incarnation of evil. However, the are doing a very tricky job making market on a stock. Yes, if they want people to sell the bid needs to go up. The problem with that is, the ask has to go up as well.

However, there is no reason to raise the ask, because no one is hitting it, so the bid isn't going to go up either. The result is a low volume stock, which is as it should be given the effective float. We may get spikes on news, but I suspect that our average volume is going to stay below 500K. Right now we have a very reasonable, fairly tight spread which is how it should be and we are moving no faster and no slower than we should.

Sometimes I get the impression that people feel the MMs are holding us down and that just isn't the case. Sure they try their games occasionally and try to head fake us down, but I doubt there is much going on beyond that. The bottom line is that there isn't any buying pressure except on news. Is that a problem? Not really. We have plenty of good news in the pipe, that's why we're here.