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Microcap & Penny Stocks : CRGI... (Creative Gourmet)... The DD.

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To: LANCE B who wrote (245)7/8/1999 11:38:00 AM
From: Tom Allinder  Read Replies (1) of 411
 
Not to mention the fact that we have no friendly MMs on the stock. You can buy, buy, buy and the price moves up... then one or two sells put the stock right back where it started. CRGI MMs are using the stock as a money machine.... almost all stocks are money machines for MMs but this one is criminal.

One MM I know that was supposed to come in a be a "friendly" is not in the stock after all... it's just as well... this guy is a P&D artist of the very highest caliber. He jumps in at the open and buys a few tens of thousands of shares at the ask, gets all the traders/investors and other little guys to jump on the bandwagon, runs the price up 30-50% then dumps his shares, shorts the stock and makes another load of money as he returns the stock to the previous level and leaves newbies, traders, investors stuck in the stock at higher prices. Look at a chart of SSMK and you will see what I mean.

Tom
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