Can SI Members Really Manipulate Stocks? Message Board

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Pastimes : Can SI Members Really Manipulate Stocks?

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To: Arcane Lore who wrote (360)	8/21/1999 8:49:00 AM
From: Arcane Lore	Read Replies (2) of 461

While the SI member referenced in the following article was operating outside of SI at the time and, in fact, rarely posts to SI these days (most recent post was on June 7, 1999), the article IMO still seems relevant to this thread. Note that the stock in question trades on NASDAQ, not the OTCBB. Internet Chat Rooms Send Stock Prices on a Wild Ride By GRETCHEN MORGENSON (NY Times) NEW YORK -- Online stock traders, goaded by an Internet chat room leader, commandeered the shares of an obscure company last week, taking it on the kind of roller-coaster ride that veteran traders worry may harm investors and undermine faith in the overall stock market. Shares of Information Management Associates, which owns a fledgling Internet shopping site, soared from $4.0625 to a high of $14 before finishing the week below $10 in unusually heavy trading. Driving the stock upward was Tokyo Joe, ... nytimes.com Thanks to gringodoc on the A@P thread ( #reply-11026678 ) for spotting this article.

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