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Non-Tech : Bid /Ask Spreads - Market Manipulation
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To: ---------- who wrote (142)10/23/1996 12:31:00 PM
From: Rob Preuss   of 308
 
What do you think?

I was reading the SI thread on PSTC and was very much
reminded of the following quote from the Forbes article:

+++++
Nasdaq boasts that its listings get widespread brokerage coverage
even in small, thin stocks--stocks that might not be worth the
broker's efforts if it were NYSE-listed. The boast is true, but not
entirely for praiseworthy reasons. A small army of "freelance" stock
promoters sell their services to Nasdaq issuers in exchange for either
cash or cheap stock. These folks promise to produce a big increase in
volume or to get the stock to a certain price. They do it by getting
some friends to post bullish "information" about the stock on the
Internet. By sounding knowledgeable about the company, these
freelancers impress the Internet's stock market junkies, who buy
into the story.
+++++

I wonder what folks here think of the PSTC thread. Does this appear
to you to be an effort to sucker in some buyers? Do I enjoy a healthy
scepticism or do I suffer from an abnormal paranoia?
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