Innovacom (MPEG), [announced single chip MPEG-2 encoder] Message Board

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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder]

MPEG 0.0001000

-80.0%

Aug 29 1:17 PM EST

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To: UPTICK who wrote (6170)	5/8/1999 1:09:00 AM
From: David Wise	Read Replies (3) of 6297

I don't think the street is doing the price movement. Since this company is under investigation for stock manipulation, according to their own SEC filings, I am very suspicious of this sudden rise. One trick is to buy and sell the same lot of stocks between two individuals (or more) at a higher price each time. They don't lose, because it stays in the family. When they reach their target, they let the frenzied market buy all their shares at the pumped up price. Is it coincidence that 88% of this company is owned by two offshore companies? I can live with missing any further up ticks as long as I don't hold when the support disappears. With the number of authorized shares increasing 3 fold, the price should be cut to 1/3; not increased 400%. I don't believe the market is responsible for the move.

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