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Microcap & Penny Stocks : MEGACHAIN.COM LTD (OTC-BB: MGCN)
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To: francis terry who wrote (135)6/9/1999 5:24:00 PM
From: Blue Voodoo  Read Replies (1) of 191
 
Did you see the the mm games with MGCN at the close today? They set an enormous spread with absurdly low bid to discourage any sales for a few hours, then pass a few hundred shares at the bid just before closing so it'll have a really low closing number.

It's tempting to see how far they can push it down before pouring more in, but that's a tough game to time - at the first hint of serious news it could fly back up fast enough to make your head spin.

I'll continue to average down a few thousand shares every day.
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