TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: LANCE B who wrote (62142)	9/6/2000 8:41:10 PM
From: Tom Allinder	Read Replies (1) of 150070

LANCE.... COULD NOT AGREE WITH YOU MORE.... I put in my own orders for NSTG today and only got 7500 shares (not many sellers in the .30s). ALEX plays this stock for every penny he can get at our expense. For the last year or more, this stock has developed a reputation for going up strongly (owing to the low float) but then comes right back down. We now know that it was ALEX all along and we had that confirmation today. He is supposed to know the company well enough but continually hammers the stock. We also saw clearly how ALEX has been hammering NSTG with a small inventory... frequently less than 50K shares to do the job of killing the stock. Well guess what? I mentioned this before.... I have accounts with brokerages that make markets on OTCBB stocks. I can go on the bid or offer the same as they can. I would strongly encourage everyone to open up an account with a real brokerage. You pay higher commissions but you can go in and be the bid/offer on these stocks (OTCBB and Pink Sheet). It is the same as using the ECNs on NASDAQ stocks... but, not nearly as fast and has to be done over the phone but works nevertheless. Some people have told me that I can't do this because it is stock manipulation.... How can it be stock manipulation? If ALEX is bidding .33 and offering .37 and is the high bid and low offer, why can't I bid a higher price? Why should the MMs dictate what I pay for my stock? We all know that HRZG and NITE are the biggest MMs in the game... they clear more than 80% of the online brokers. We have all complained about NITE and HRZG but they are clearing the online people like mytrack, ameritrade, NDB and many others. Why is this important? Well, it is because too many online broker traders and investors use MARKET ORDERS to buy and sell stock. NITE and HRZG are going to buy your stock at the LOWEST possible price and sell you stock at the HIGHEST possible price.... not a fair price but a price that will benefit them the most. These guys can move stocks down significantly on low volume MARKET SELL ORDERS and move stocks up on low volume market buys (this occurs far less often). Market conditions play a key role as well. If the market is running, MMs are likely to go long with everyone else. If the market sucks or the stock is a POS, they aren't buying it either. Who says that the stock price structure has to be dictated by a few sellers who put in Market Order sells before the market opens or during the hours the market is open then the order being subject to HRZG or NITE filling it at the price THEY want? When sellers or buyers are using MARKET ORDERS, the MM can DICTATE the price. Why should this be? Not anymore.... I will not let the MMs dictate what I pay for stock. I will determine my own price, pay the bigger commission but not get burned anymore. Finally, I understand that many OTCBB/Pink Sheet participants cannot afford commissions that a real brokerages charge for transactions.... BUT people can be patient and USE LIMIT ORDERS to protect themselves. If you own a stock that has moved up a lot, sell some; place limit orders AHEAD of MOVEMENT of the stock. Take some profits and realize that the playing field is NOT LEVEL for the online investor of OTCBB/Pink Sheet stocks. It is still not quite level to me using a real brokerage because I can't see ALL OF THE ORDERS the way the MMs do, but... I can certainly determine what I am going to buy and sell a stock at with regard to price. Tom

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