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Pastimes : Can SI Members Really Manipulate Stocks?

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To: Jeffrey S. Mitchell who wrote (1)7/30/1998 4:34:00 PM
From: UDanWright  Read Replies (1) of 461
 
Jeff,

I joined SI just to post on your board. I am a long time lurker of TAVA and ALYD, and I believe a stock CAN be manipulated by a group using the internet. I have written my views on the Yahoo TAVA board, and also am studying the effects on stocks that certain people are involved in.

I believe a well organized effort can turn momentum in a stock. It is apparently easier to manipulate a stock from the short side than long. So called "hypesters" are nothing more than the common investor pre-internet. If I ran accross a company I felt was outstanding, I told others...now it can be done electronically. But, with carefully worded "allegations" can shake up even the strongest of investors.

I have to hand it to Bill Wexler. Other than the fraud allegations, I think he placed enough doubt in other TAVA investors minds to drive the price down. I didn't think he could do it, but once momentum turned...wow!

Thanks for setting up this forum....I have a lot to say on this subject, but for now, I am,
UDanWright
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