Bill Wexler's Dog Pound Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bill Wexler's Dog Pound

REFR 1.560

-2.5%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Wexler who wrote (5052)	11/24/1999 9:29:00 AM
From: Bill Wexler	Read Replies (1) of 10293

To the thread.... Is it my imagination, or has anyone else noticed this pattern... When a fraud stock such as GUMM, REFR or VLNC suddenly rockets upwards a few points, the shills and touts claim that it is "institutional buying" or "big boys" getting in, but when the stock inevitably collapses it is due to short-seller "manipulation". I hereby nominate the following post by Dan "Valium" Zimmerman (I call him "Valium" because his posts are so long you can't get through half of one without falling asleep) as the greatest example of complete ignorance of the markets by a shill: Message 12080231 If you can manage to stay awake through the last paragraph, this little gem will make you cringe.... I seriously doubt if anyone who is long would dump stock like that because they wouldn't get the best price for their stock. The stock was quiet at the time and they could have sold it off in smaller pieces without driving the price down. This indicates that most likely a short seller unboxed all or part of his long position in an attempt to manipulate the stock. The price popped right back up to where it was when he started selling within a few minutes. Somebody has tried this game several times over the past few months, and each time the stock has recovered quickly. BTW, if somebody is actually doing this, it would be a violation of SEC regulations because it shows intent to manipulate a publicly traded security. Obviously, the likeliest reason the stock dropped is because someone was simply selling, but I'm still scratching my head over Dan's hallucination that unboxing any position is a violation of SEC regulations. Dan...how about pointing out that regulation for all us ignoramuses?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next