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Microcap & Penny Stocks : Liteglow (LTGL)

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To: Mr. Jens Tingleff who wrote (4456)6/15/1999 11:00:00 AM
From: jebj  Read Replies (2) of 4715
 
>My belief is he is a market maker in disguise trying to block the rise of Liteglow's stock. - JT

Please tell me what I am missing but other than an intraday short term play, why would an MM care what the price of a stock is?

I do have a question, however - has there ever been another stock that has the very wide spreads of LTGL over the longterm. It is sitting right now at .75/.82. Another BB I follow - GTMI is sitting at .20/.21 and sometimes has only a half pt. spread - - I don't think I have ever seen it over 1 pt.

The only reason I can think of is that the MM's really don't trust this stock and therefore will not handle it in a normal manner.

I do have one comment on SK's posts - isn't it illegal for a company officer to put out info on coming company news releases and company financial information? The term "insider trading" comes to mind.

Maybe someone better do some DD and find out if, in fact, the person making these posts are who they say they are.

jb
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