To Jim Strauss:
I enjoyed your post and the impossible dream-that is so fitting for us patient souls here in the Kingdom of BEAM.
Also: Jim Lyons regarding your post >> So there is no reason why it can't go back up to 8. But who knows, it could go back to 5 1/4. <<
You're right if you consider the MMs and their manipulation of BEAM and other stocks. Look at BEAM's Chart. Its been up/down, up/down, up/down for sooo long. Hell, we are be rich had we played the ups/downs that the MMs have been enjoying. SEE BELOW for those that have not previously read it:
Gang,
This post is circulating around all of SI and it would be wise to post on as many threads as we can, it REALLY bears close attention:
A post from David Gore on INFE about shorters and MM manipulation.
WOULD LIKE TO SEE ALL SERIOUS "long" investors read and respond:
I am posting this on a couple other threads, but not sure how much we want to publicize this...would like your suggestions first. Many of you here are very saavy. This is an issue that is killing the small investor.
***********
IMPORTANT READ FOR ALL LONG" INVESTORS ON SI: I
wanted to ask you all something fundamentally important to ALL of us. It is pretty obvious that Market Makers are trashing good stocks and bad lately. It is brutal...I am sure you have noticed.
Microcap 50 index is down 6 weeks in a row... some 14%
LOOK HERE... a must read on MM Shorting tactics. It uses ALYA as an example but note how the MM's pump up to get maximum ASK PRICES when good news comes out, and drop the BID PRICE when things die down to panic investors into selling and picking up cheap shares to cover. They can make 20% or more each day by doing this on large amounts of shares. (please click on the link below and see the excellent post)
NOTE: this is not only on really quality stocks like ALYA but
hundreds of others every day; in fact it is much worse on most
other stocks because long term investors are in ALYA who buy
dips exchange2000.com
ANOTHER MM TACTIC:
Also, on most stocks, they are slowly walking down the Bid on
small sells and in some cases "walking down the bid" on buying!
They apparently feel that they can go short and get the share price down eventually to cover. This happened on MTEI recently with 3 to 1 buys over sells. On SGNC they held the B/A firm even with massive blocks of buying and good news, and then moved the Bid/Ask down 20% when things slowed down. It has stayed there and not recovered.
******** READ ON... THE BIG NEWS...massive scandal?
I have been playing detective, forming alliances with others I trust with connections, and have even been interviewed by a reporter for the Wall St. Journal (along with others in DGIV) doing a story on BB stocks, MM manipulation, and PR firms that are even shorting companies they are representing!
A MAJOR SCANDAL BREWING?
Others whom I trust have stated that MM's are being paid by US Brokerage houses and big boys to work through Canadian
Brokerage houses to short stocks, as shorting BB stocks is
apparently allowed from Canada of US BB stocks. (NOTE: in the
US, shorting is not allowed in non-marginable stocks under $5.00)
YET ANOTHER MM TACTIC..."the STOCK DETECTIVE"
MM's are lurking on most SI and YAHOO threads and looking for
a ripe moment to hire shady firms like the "STOCK DETECTIVE"
to discredit even some pretty decent stocks like DGIV, NUKE, and DCHT. See "STOCK DETECTIVE exposed below:
SEE HERE...a MUST READ, especially the last 3/4 of the article referring to the shady workings of the Stock Detective, who itself is connected to AXESSS, a pink sheet stock of very dubious history.
exchange2000.com
PLAN OF ACTION:
Just curious if you think there is any hope here? And an effective course of action.
I suggest we all call our local SEC officials and implore them to
look into this problem more seriously. I know they are overworked, and I know new regulations are coming in a few
months (i.e all listed companies must be fully reporting) but we are being taken to the cleaners....NOW!
I have already started calling SEC officials and my contact at the
Wall St Journal...we must all do that, IMO.
Of course finding great stocks, laying low, and holding long term is the best strategy, but seemingly hard to organize people to do that.
Any other ideas welcome! |
