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Strategies & Market Trends : Rande Is . . . HOME

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To: OpusX who wrote (10975)	8/18/1999 3:36:00 PM
From: Rande Is	Read Replies (2) of 57584

The Nasdaq is more easily manipulated by the MMs and the pre-market. . . so whenever it moves away from science or statistics and moves toward something directed by a human. . . all predictability is lost. MMs feel greedy, they will stiff you. . .we all have horror stories. I used to watch them on the pennies. . . unbelievable. . . Here is a scenario that I saw happen more than once with penny stocks. . . . let's say a bunch of buyers suddenly jump into a penny on news. . . the MMs would run the price up REALLY fast. . .up 10 percent.. 20 percent.. 30 percent.. 40 percent.. 50 percent. . . hold it there until everyone that wants stock has a chance to get some. . . then the minute the buying dries up. . . Presto!. . . now you see it. . . now you don't. . . The price pulls back on absolutely no volume. . .it drops all the way back to unch in a matter of seconds with only a few hundred shares traded on a million share day. And suddenly a million shares were bought up 10, 20, 30, 40, 50 percent too high. . . and as if to pour salt in the wound of the suckers. . . the stock turns lower and drops 10 or 20 percent and sits there. . . no matter how many shares are bought or sold at this level. . . it just sits there and closes there. I can tell you that hundreds of people walked away from penny stocks on days like that and never looked back. Sure there were probably violations. . .blah blah blah. . but who really has the time to pursue that? It's like trying to turn someone into the law for getting the best of you in a stupid gamble. . like a three-card Monty. The sucker walks away and 95 percent of the time. . never tells another soul that he lost in such a stupid manner. In a similar manner, because so few blow the whistle on bad executions, manipulations, money vanishing from brokerage accounts or Market Maker violations, the problems in the Nasdaq persist. But little by little technology is giving the online trader advantages never before imagined . . . and at this rate, the playing field may one day be level. . . for the first time in history. Rande Is

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