Naked Shorting-Hedge Fund & Market Maker manipulation? Message Board

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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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To: creede who wrote (2803)	10/20/2007 7:57:47 PM
From: rrufff	Read Replies (3) of 5034

Thanks to Creede for these on "Manning Rules." See also following posts from Creede. Wanna see something that makes me smile from ear to ear? Manning is coming - and I don't mean Payton or Eli. Much better. Archives Rule Will Hurt OTC Dealers Editorial Staff October 05, 2007 Knight Capital Markets, the largest trader of over-the-counter equities, expects the new Manning rules to take a bite out of its earnings. Tom Joyce, Knight’s chief executive, says Manning will cut its pretax profits by $10 million, down to $15 million, next year. By way of comparison, the trading house made $94.5 million in pretax earnings in the first six months of this year. “That’s not good, certainly,” Joyce told analysts recently. “It’s certainly not that bad, either, all things considered.” Manning, which bars traders from trading ahead of limit orders they hold will be applied to OTC Bulletin Board and Pink Sheets stocks starting next month. Knight controls more than half of all trading in OTC names. (c) 2007 Traders Magazine and SourceMedia, Inc. All Rights Reserved. tradersmagazine.com sourcemedia.com

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