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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!!
DGIV 0.00Dec 5 4:00 PM EST
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To: paulmcg0 who wrote (16171)6/28/1998 6:02:00 PM
From: Moonglow  Read Replies (1) of 50264
 
I can give you a great example of market manipulation.

Magma Copper....was trading at $12 per share. One of the major brokerage firms had taken a position in it. As soon as their position was secure, their analysts began to recommend the stock.

So.....Magma Copper went up to $18, wherein the brokerage firm began selling their stock. And then the price of Magma went back down.

Now Magma, from what I hear is a good company....but still the market on those shares was manipulated.

Why doesn't anybody ever investigate the manipulation by the major firms? Why is it always the little companies that seem to be the whipping boy?

Filing a 10-Q doesn't mean that a stock won't be manipulated. It just means that one can determine the financial status of a company while the share prices are being manipulated.

Do I think that manipulation is rampant in the market? Oh yeah, I really do....with all the stocks. Now if a company is a FRAUD, then that is a different story. Fraud to me means that the company isn't really doing what it says it's doing. Fraud, IMO, is much worse and also less common than manipulation.

Wasn't IDID a fraud? Bre-x was certainly a fraud. From the way we on here check out the doings of DGIV, I don't see how it could be a fraud.

It's probably just as well that your co-worker hasn't called the Digitcom engineer yet because I'm willing to bet that one of us would be calling behind him to check on what was said.

Juanita
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