Bid /Ask Spreads - Market Manipulation Message Board

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Non-Tech : Bid /Ask Spreads - Market Manipulation

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To: ---------- who wrote (142)	12/9/1996 10:52:00 PM
From: Fenton White	of 308

Doug: In response to manipulation... Watch this one GAL. This seems to be in reverse. The stock has a buy recommendation however it has dropped like a rock the last couple of days. Looks to me like an institutional holder is trying to get out of their inventory by putting the stock on a recommend list. It would not surprise me if they downgraded the stock after such high volume like today. They protect their institutional by firing up mom and pop. They have dumped over 1mm shares out today. The stock had a 40 target and is 23 right now. Watch it for the next week or so to see if I am right. Thank you for your comments.

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