PNWC - Pacific Norwest Capital Message Board

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Microcap & Penny Stocks : PNWC - Pacific Norwest Capital

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To: snorkel who wrote (169)	4/13/1998 6:15:00 PM
From: William T.	Read Replies (1) of 295

MANIPULATION (Sound familiar anyone? Are you a MANIPULATION VICTIM?) Through anonymous online touts, misrepresentations and puffery, cyber-schemers have used the Internet to help them artificially run-up the price of thinly traded securities. Unwary investors read about hot tips, huge potential profits and limited risk, but they aren't told that the vast majority of shares are held by a small group of people who are behind the hype and promotion. As investors rush to the market to 'get in on the ground floor', the inside group cashes in, selling their cheap shares into the rising market. When the hype-fueled share price falters, the promoters may blame unnamed short sellers and may inflict even more damage on victims by urging them to 'average down' by buying additional shares as the price drops. The security often disappears from sight soon after, and investors are left to post plaintive messages: "Whatever happened to Company X?" These manipulative schemes have been played out for decades, but the Internet makes it easier for fraudsters to reach a wide audience of unsuspecting investors.

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