ECN Bogus Bids and offers, Manipulation BY MMs Message Board

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Non-Tech : ECN Bogus Bids and offers, Manipulation BY MMs

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To: Anthony@Pacific who wrote ()	7/19/1999 12:48:00 PM
From: M. Dion	Read Replies (2) of 112

YOU WROTE "Also can call the NASDAQ market regulation Dept at 1-800-925-8156 and report these trades immediately!!!..They will not want to take your CALLS..Its amazing when you want to report an obvious manipulation the NASDAQ reluctantly listens..They are the most arrogant people you will ever encounter..Dont take my word for it..next time you see something report it here and then call them." I would like to say that i dont believe that posting a buy or sell can be conceived as a trade....but we are talking symantics....anyways, i totally agree with you that putting up a major bid of (10,000 or 100,000 shares)....gives people the false impression of strength, when in most cases the poster is looking to do the opposite....but IMO....Its not illegal....Immoral possibly....unique strategy.....possibly......but not illegal..... anyways....great thread...mike by the way, its not different then putting 10 market makers on the bid for the minimum amounts just to make the stock look strong....Its a tactic.......

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