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Microcap & Penny Stocks : ALYA Cost cutting system via software as well as security

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To: Dave Gore who wrote (1039)6/26/1998 9:07:00 AM
From: MeDroogies  Read Replies (2) of 2534
 
I agree that this is a real problem. While I made money on the stock, I got burned by these tactics on PNLK...I could've made a few extra hundred, but a stop loss I had put in was activated while I went out to lunch....that stop loss was a full .60 BELOW what PNLK was trading when I left. I find it odd that the stock fell that much in an hour, especially when it finished around a dollar higher by the end of the day.
Short of taking possession of my certs, I don't know what else should be done...the SEC doesn't appear to care about the BB stocks, IMHO.
As for the Stock Detective, I have been badly burned by them on NUKE...of course, I haven't sold yet...but I had doubled my money, and was looking for it to POTENTIALLY go higher when this article appeared. Now I'm in at a loss.
All this is leading me to stop investing in the pennies. Now I know why they are avoided like the plague by the pros. Basically, they are too easily manipulated. By MMs and by greedy SI types...
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