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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It?
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To: Dave Gore who wrote (1)5/11/2002 8:26:17 AM
From: KM  Read Replies (1) of 589
 
I don't have time to read through this whole thread so my apologies if this is already mentioned.

What about the Microsoft earnings report and bogus Merrill "ugrade" the day after (options expiration day of course). Stock goes from 57 to 51.50 AH (I bought it at 51.89 and flipped it at 53 for what I thought was a slamdunk trade in light of the news) only to see it gapping up in the premarket the next day and of course making sure it cleared that 55 strike before deflating in the days afterward.

And then don't even get me started on market makers, being a daytrader. I like to trade thin stocks and I'll sit there on the inside bid as the only bid using REDI or ARCA so theoretically they can't get around me and watch NITE or Herzog (now MLNM) sell to themselves under me.

It's a disgusting rat's nest but in my case, I understand it and just follow along so I can make money. But I feel for the "buy and hold" investor if that species still exists anymore.
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