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Microcap & Penny Stocks : GONT - GO ONLINE NETWORKS ( old symbol: JNNE )

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To: JP Jouver who wrote (911)3/9/2000 1:11:00 PM
From: JP Jouver   of 1063
 
Suuuure, GONT's not being manipulated....

I haven't watched tick-by-tick today, but what little I did see was pure bull-puckey.

--GONT opens with almost no volume in the first few minutes and the bid/ask locked at 1.15/1.15
--suddenly, volume starts
--only about 500k shares are traded in the first 1.5 hours, all the while the bid/ask is crossed and trades are going off well outside the current spread (for example: bid/ask=1.16/1.15, last trade=1.18), when the bid/ask finally does assume a "normal" spread of 1.14/1.15 we suddenly get volume of 600k in just about 20 minutes! I'm sure the MM's aren't stacking orders and delaying executions....
---finally, during lunchtime, the MM's decide to let GONT run from 1.19 to 1.31+ on almost no volume at all, in just a few minutes

If the SEC had time to look at today's trading log, heads would roll. Encouragingly enough, despite all the games, GONT continues to appreciate..... ;-)

Jape
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