Market Manipulation
Message ID: 47064
Posted By: freecode_99
Posted On: 2003-09-29 12:24:00
Subject: Market Manipulation
Recs: 4
From NY AG's office:
"Market Manipulation
Sophisticated investors may do their own research on suitable investments, rather than rely solely on their broker or investment adviser, but no amount of research can guard against a broker's illegal market manipulation of a micro-cap stock. The price of a stock in a legitimate marketplace is determined by supply and demand, but economic theory goes out the window when market price is controlled by a small number of unethical market makers who drive up the price with hundreds of cold callers, continue to promote the stock while they short-sell it, and then stop making the cold calls necessary to maintain the price. The consequences for investors are devastating when the price falls dramatically, but the brokers won't execute sell orders or even answer phone calls."
You can expect this will happen here, and we can warn, warn, warn, but you can't make a horse drink from the fountain of reality. The Strong Sell conspiracy is their latest scam idea.
The truth is we don't hold a position in this stock at all. Freely and proudly admitted. We DESPISE the promoters of this stock, the company, its parent and the principals for false and misleading statements and allegations. That is the sole reason for the Strong Sell sentiment and it is enough of a good reason to keep posting it.
I would never allow anyone I know to buy this stock without knowing just how tainted and under manipulation this stock is - period.
The pumpers can go butt a stump.
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The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "freecode_99"
under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
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Posted By: freecode_99
Posted On: 2003-09-29 12:24:00
Subject: Market Manipulation
Recs: 4
From NY AG's office:
"Market Manipulation
Sophisticated investors may do their own research on suitable investments, rather than rely solely on their broker or investment adviser, but no amount of research can guard against a broker's illegal market manipulation of a micro-cap stock. The price of a stock in a legitimate marketplace is determined by supply and demand, but economic theory goes out the window when market price is controlled by a small number of unethical market makers who drive up the price with hundreds of cold callers, continue to promote the stock while they short-sell it, and then stop making the cold calls necessary to maintain the price. The consequences for investors are devastating when the price falls dramatically, but the brokers won't execute sell orders or even answer phone calls."
You can expect this will happen here, and we can warn, warn, warn, but you can't make a horse drink from the fountain of reality. The Strong Sell conspiracy is their latest scam idea.
The truth is we don't hold a position in this stock at all. Freely and proudly admitted. We DESPISE the promoters of this stock, the company, its parent and the principals for false and misleading statements and allegations. That is the sole reason for the Strong Sell sentiment and it is enough of a good reason to keep posting it.
I would never allow anyone I know to buy this stock without knowing just how tainted and under manipulation this stock is - period.
The pumpers can go butt a stump.
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "freecode_99"
under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------