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Microcap & Penny Stocks : MegaWorld Inc. (MEGW)

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To: jake burns who wrote (1035)12/2/1999 11:59:00 PM
From: Runner  Read Replies (1) of 1058
 
Damn scalywags!

Well the market makers kept raising the bid today.

Ever tell you about the time a friend of mine was buying stock one day.

A market maker was "setting" the price.

Everytime he bought 2, 3 or 400 shares the MM would raise the price.

After a few hours the price went from 2 to 6 almost single handedly!!!

By the end of the day the momentum players had jumped in, the volume went nuts, and I believe the price had jumped to 12.

The way fortunes are made.

Such crap!

Churning they call it.

Wish I had owned some of it.

Runner
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