Can SI Members Really Manipulate Stocks? Message Board

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Pastimes : Can SI Members Really Manipulate Stocks?

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To: Robert F. Newton who wrote (317)	8/4/1998 8:13:00 AM
From: Patrick Slevin	Read Replies (1) of 461

Boiler Rooms I suppose I feel bad for most of the kids because of the way the managers work them. Very few make it while the ones that have always throw it up to them, about the success and the money. Another classic besides the "Last time we talked..." is the play on the mark's greed by telling him/her about an impending IPO. Usually a $5 issue with a warrant. Sometimes 6 or 7 bucks. I noticed when I was more familiar with the environment that many of them did not have options trading. I don't know if that's true any longer. FJS made a number of people less prepared to have a secure retirement. Very evil stuff. BB had one scheme, where he would but up a shell and roll something else into it...perhaps paying $0.50 a share for all. Then he would roll out an IPO wherever...say $5. When it would get to say $6.50 and he had a $6.00 profit he would donate roughly half his stock to charity and half he would sell so he had something of a tax wash. Well now I'm definitely done. I am out of Boiler Room stories as well, for the most part. Electric will PM me the dates so I'll PM you once he does.

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