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Microcap & Penny Stocks : WINR-Secure Banking to Global Internet Gaming & E-Commerce
WINR 0.00010000.0%Nov 5 1:20 PM EST

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To: Jimbostein who wrote (5083)3/27/1999 10:56:00 AM
From: swedelo  Read Replies (3) of 6545
 
TO ALL:

I found this "administrative action" by the SEC against certian market makers and broker/dealers while surfing. It is rather lengthy, but well worth the read for anyone who does not understand what those of us mean when we "imply" that MM's (market makers) are manipulating or playing games with the bid ask price to reflect erroneous upward or downward pressure on a stocks price for their own benefit. Note that of the companies implicated three (3) are active MM's in WINR (Herzog, Gruntal and Sherwood). Also note that the largest MM in WINR, Knight Securities (NITE) is not implicated in this particular action. Take the time to read it and I think you will begin to understand why and how manipulation can and does take place, especially on BB stocks. Keep in mind too, that 99% of BB companies are crap. The 1% that turn into real and strong companies (as I obviously feel WINR is doing) will eat the MMs lunch in the mid term.

sec.gov

Best Wishes,
Swedelo
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