Tokyo Joe's Cafe / Anything goes Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes

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To: Jim Bishop who wrote (26670)	6/20/1998 11:24:00 PM
From: Andeveron	Read Replies (1) of 34592

>> Why? Please, and I am dead serious, why would you need a private forum for the longs? << No logical reason for going private, it is rubbish. The hypothesis is that the MMs read these forums and tank stocks. If a market maker has a long position or a short position in a stock, they will let it rise if there is heavy buying coming in. A long MM in a penny stock will reap the spread and a short will re-short at the higher level. Those who shorted at the peak on NBET have a 50% return on their position now. Both MM positions win. Manipulation by BBs will always occur but it is naive to think that all stocks go down because of MMs dropping the price. There was real selling in NBET this past week; who was selling? Check out the accumulation in the days prior to the pick announcement. Those shares had a good 40% gain in just a couple of days and were ripe for dumping. BB stocks are easy to manipulate; I'd be more afraid of the hypesters than the MMs in this OTC game. Jim, your post is on target.

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