"Just because" is their justification, they DEMAND they should make a killing, nothing else.
It's worse, actually. Here's what they're saying now:
The January-March runup in OTCBB stocks, into which they bought like crazy, imagining they'd be gazillionaires any day, was "really" engineered by the MMs. Naturally. So they were "forced" to buy, you see.
And then when the market corrected in March and April, it was again entirely due to the dreaded MM manipulation. And so they lost a LOT of money. Should they have sold? Hell NO!!! LONG AND STRONG!!! BUY ON THE DIPS!! AVERAGE DOWN!!!
They accept absolutely NO responsibility for their own actions. On the one hand they talk about "free" markets, but when they get whacked they whine for Daddy Government to step in and help them out.
On the notorious RB MMManip thread, many examples of this alleged manipulation have been adduced. I've only followed up a few of them, but in every case I chose, 15 minutes with the SEC filings revealed why the stock had tanked. Stuff like Reg-S deals, convertible debentures, enormous debt, inability of management to make any money at all even with products that were actually on the market, pissed off auditors, the usual.
But of course it's all the fault of the Wicked MMs. (Or as someone on that thread had it: the Wicket MMs, croquet-playing bastards that they are.) |
