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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Taki who wrote (57114)7/29/2000 11:50:14 PM
From: Taki  Read Replies (1) of 150070
 
To: Drex who wrote (179)
From: gene_the_mm
Saturday, Jul 29, 2000 11:32 PM ET
Reply # of 220

REGARDING 100,200 SHARE PRINTS ON OTC BB'S...

You are asking me if MM's are colluding with each other to manipulate prices on the
OTC BB. While I do agree there are some bad apples in every bunch, in every
business, etc.., I DO NOT believe there is any form of widespread price manipulation
in the OTC BB's. If you even hypothetical that there is, why would an MM use a
time-stamped print to the tape to signal to the other MM's? Don't you think the SEC
would find a pattern of small prints with MM's running out of the way and question it?

I really can't believe some of the conspiracies people are throwing around on these
message boards. This is in no way a personal attack on you but I would just suggest
that you make up your own mind based on facts and common sense on these issues.

I hope that helps clarify it. Thanks for the question.

Wishing you all the best,

-- Gene

To: asker2 who wrote (180)
From: gene_the_mm
Saturday, Jul 29, 2000 11:36 PM ET
Reply # of 220

REGARDING THE POSSIBILITY OF PUBLIC KNOWLEDGE OF SHORTS...

Bob,

I hope so and I will tell you why. Once the public has FULL KNOWLEDGE of MM
short positions the conspiracy theorists and 'smoke and mirror' promoters will have
nobody else to point the finger at except themselves and the possibility that these
company's and their insiders are not such darlings after all (dare I use blasphemy!).

I am 100% for knowledge of MM short positions and I agree that the public has a
right to know. On top of that I believe the OTC BB needs to incorporate the SEC
order handling rules and once you have both of these in place I may start investing
some good money into the OTC BB's myself (nah, probably not).

That is my position on those matters.

All the best,

-- Gene
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