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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: JCNelson who wrote (8692)12/1/1998 4:51:00 PM
From: Richard Mazzarella  Read Replies (1) of 14226
 
JC, I have watched and invested in this stock for some time now. IMO the MMs have been working this stock to their advantage, making a profit is more important to them than making a market. They paint the tape regularly and manipulate the trading in this stock to their advantage. There have been many examples. I wouldn't be surprised if the MMs are the "dark forces" naked shorting this stock. Notice the trading of GPGI after Dennis told us after the close Friday that news was coming Monday. With no trading at all, they had moved the ask up to sell shares to some that apparently knew that the news would be good, look at the volume of trading before the actual news was out. Proof positive that the MMs know what is going on internally with GPGI. While the games of the MMs on this stock aren't unique, we shareholders at least have the security knowing that at some point the shorts must cover into GPGI success. It's a situation of pay me now or pay me latter, a positive being that their actions are depressing the price which allows buying cheaper than otherwise.
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