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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (48367)12/30/1999 4:12:00 PM
From: Anthony@Pacific  Read Replies (1) of 122087
 
XING<--------------- INVESTIGATION!!! ( NASDAQ Kaboom !!! )

Looks like all those longs are stuck on XING...I hear the NASD has launched an investigation into trade painting at Day trading firms ..that is when a bunch of traders collude to do trades back and fortha above mkt prices...in the attempt to pretend that buyers are willing to pay more..

they will some times code their orders by using odd lots like a market order to sell 901 shares at 40 when the stock closed at 30... then their buddy buys it on ISLDE knowing who the seller is than he puts the same stock back out at 40 1/16 in maybe two lots of 402 and 499,,,, resulting in the perception that there are real buyers when in fact its the same stock going back and forth in an attempt to defraud the public!!!!!!!!!!!
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