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Pastimes : The OTCBB Garbage Dump

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To: Gary Lutz who wrote (1379)	8/25/1999 8:21:00 PM
From: Tom Allinder	Read Replies (4) of 2942

I am still collecting information on quality OTCBB stocks. There is absolutely no reason for me to post my "DD" on these stocks because this market is horrible. I have a list of 30 or so fine companies on the OTCBB that I have info on. When the market shows me that it is looking for value, I will start posting again. The OTCBB stocks that do move are one day, run, hump and dump affairs. Mainly front-end loaded "newletter" stocks. Here is an example of some other crap going on that I see all the time: EBOT, a stock that I posted DD on a month ago... great company coming along with a unique web site and biz. the stock has been trading between high .40s and .80 or so. Today a flurry of buying comes in and the only thing that goes up is the ask... The stock was .59 X .687... buying comes in and the stock is now .59 X .81... the MMs finally move the bid to .687 and the stock proceeds to sell off to .531 X .656 at the close. People are selling at .531... who owns the stock at this price?... not many (except the evil, money laundering MMs). I am sick to death of seeing a stock move on buying then getting mugged with selling and seeing the stock that was up nicely finish DOWN for the day. I am sick to death of seeing stocks move up a little each day then good news hits the wires and the stock is hit with an avalanche of selling that sends the stock LOWER than where it started the move up days or weeks before. I am sick to death of seeing solid companies with great fundamentals continue to put news out and NOBODY buys the stock and the price continues to move lower. The only stocks moving are mailing list scams and the newsletter scammers... you can clearly see that these stocks are front end loaded. As soon as the newsletter or email creates a little buying... here come the sellers. When I do get involved with a low float stock and we get buying coming in, the MMs drop the bid completely through the floor to effectively halt trading and "hang" everyone who bought. The scammers and the MMs are the ones who have had a bountiful summer. I have moved to the NASDAQ until this crap is over. Tom

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