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Non-Tech : ECN Bogus Bids and offers, Manipulation BY MMs
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To: Anthony@Pacific who wrote ()7/18/1999 1:49:00 PM
From: Rande Is  Read Replies (2) of 112
 
Hear, Hear, Anthony. Great thread idea. I'll be staking out REDI on OSFT offer on Monday. . . . 25k was showing all day on Friday in a stock that traded 36 times its 30-day average and nearly it's entire float, while the price barely moved. . . closing where it opened. . . .yet, I didn't see a single 25k trade all day in the logs. . .and less than a dozen 20k trades. . . .REDI appeared to control the trading from open to close. . . .and many experienced traders agreed that the offers looked phantom and the trading appeared to be manipulated.

Thanks for providing the phone number and procedure for reporting such violations. It is much appreciated. . . . . I will help spread the word.

Rande Is
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