They target company's who have small floats and low trading voulumes! And they begin a systematic day after day trading pattern attacking the stock when the market first opens with large market sell orders!
pcstel, I don't quarrel with your theory. Sounds plausible to me. Just another of the many things I can't control, or worry about day to day. As you pointed out in a later post, if LWIN delivers on its numbers, the short sellers will leave town. Next report is key imho.
Still, I can't help but speculate on the identity of the "manipulator," if he does indeed exist ... and I think I have a candidate.
This man showed up on this thread just prior to the plummet. He at one time owned a (tonka) truckload of these shares courtesy of his very large and early investment in QCOM. He has openly encouraged panic on this thread by making repeated reference to Enron, Globalstar, and (has he no shame at all) Ossama. He has the classic short seller's disdain for the pain suffered by long term holders, at one point cavalierly mentioning that he'd "overslept" and missed his "buy" at 5, but no matter, he'd pick it up later at three. Heartless. He's the only person I know of on this thread that's ever been (or so rumor has it) investigated by the SEC for "stock manipulation." Oh yes, and he mysteriously missed his first QCOM shareholder's meeting in years this past week - lamely suggesting that he was on "vacation." Pure poppycock. Too busy, no doubt ... orchestrating this "run" on our beloved LWIN.
Maurice, step out from behind that curtain! Defend yourself if you dare! <VBG>
><A quick disclaimer,here - lest there are those reading this with no sense of humor. I've followed Maurice's "rants" since 1997, and had the pleasure of meeting him on two occasions here in San Diego. I'm an admirer of his wit and wisdom. The above "spculation" is in jest, utterly baseless - and intended for entertainment only. It is not the opinion of anyone rationale, and it's certainly not my opinion, despite my questionable rationality.><
Pierre |
