From RB
Any takes???
Market Maker Alert!
As of tommorow morning, several Miami brokerage firms are expected to begin accumulating a very strong position in WCTI. Wordcruncher has a float of only 4 million shares and over the following week, a substantial portion of it will be bid for. The intention of these market makers is to sell their currently small positions at an ever decreasing "ask" price -- one that they themselves will place. The OTC exchange is unregulated and they WILL get away with it. This manipulative technique will be used to lower the share price to a level they have agreed to. Then, when the share price reaches what I understand is a target low of 17$, they will reverse course and begin buying with limit orders. No one will notice the block trades since they'll have set a limit of about 18$ on their orders. These firms are involved in this maneuvre because several of them were left out of the December showcase that Wordcruncher put on for the investment communities in both Miami and New York. They missed the boat when WCTI ran from 5 to 20$ and I know that many of them are furious. Every one of them expects this to become a multi-hundred dollar stock, exceeding Yahoo at least three fold. There is much that the shareholders do not yet know about this company -- information that the December clan have already been provided.
DO NOT SELL YOUR POSITIONS AT ANY COST!!!
There's only 2 weeks left until the unvailing of Spyhop. If these brokers nail you with a week worth of losses, then the only ones who'll profit from an impending surge in price will be them. Remember, once they've secured a large control of the float, they will refuse to sell until the bid reaches about 200$.
If you want my opinion, they won't be the only ones screwing us in this way. All those brokers who accumulated the stock in December, guess what, there's no trace of any one of them selling their positions! Try to find any block trades on WCTI in the last 14 days... Nothing noteable anywhere! We're being played folks... 4 million shares are not enough to go around, and the brokers, who of course can make a market, are NOT going to pay 30$ a share. Once the Miami crew's scheme goes into effect, any broker smart enough to pick up on the movement will play it out as well.
I IMPLORE YOU ALL... DO NOT SELL BETWEEN JANUARY 28 AND FEBRUARY 5...
You've been warned.
Cadet |
