MANIPULATION IS RAMPANT --- Can We Stop It? Message Board

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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It?

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To: J. Nelson who wrote (539)	7/25/2002 11:13:39 PM
From: Dave Gore	Read Replies (1) of 589

TYC - Another example of the small guy losing a 20% opportunity. But there's something even worse that the small guy doesn't get (read below and help, for your own good). I was lucky enough to be holding TYC when it went up in AH. I was playing the odds today. The stock was down 30% at its low even though the company had denied rumors of bankruptcy. I bought at $8.05 with a tight stop just below $8.00. I got stopped out. I bought again in the $7's when it bounced off $7 support and held. The market was weak and the "highs" of the "longs" from yesterday had again turned to fear and over-reaction, both in ESST and TYC. I was up about 20 cents in A.H. on TYC (with the stock at $7.90) when all of a sudden, in about 90 seconds, TYC was near $10. Nobody knew why, except the most closely connected. The small guy saw a Press Release when the stock hit about $9.70. By then the easy money had been made! Just another example of the "haves" and have-nots". The small trader has it tough. If you weren't already in the stock, you lost 20-25% profits. Simple as that. We think we are technological better off, but it's not true. Trader talk and insider info still usually beats the newswires we get most of the time. NOT HAVING REAL-TIME SHORT DATA PISSES ME OFF WAY MORE The above is nothing new and it isn't really a pet peeve of mine as much as not having real-time short interest. It would have been so key to have key data that would have warned me that ESST was being shorted or suddenly covered. Can you imagine how valuable that info is? The lack of real time short data, especially because it is available, is a crime. Nasdaq.com puts it out about 7 days late each month on the 14th or 15th. In other words they didn't put out the July 15th data until about July 21st. Maybe you don't believe how crucial this data is in determining if some huge institutions are suddenly shorting the heck out of a stock. It often occurs when there is no news on the stock and it can occur VERY suddenly. I bet we'll find next month that Shorts climbed on board ESST at $16-18 in a big way, just before the earnings report. They knew from the last earnings report that no matter how good the report, they could likely tank it again bigtime. Next time they may do the opposite. Please send an email to nasdaq.com and complain. The Power Players have the data, we don't. **** PS - If anybody knows of a way to get this info real-time please post here.

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