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Microcap & Penny Stocks : GONT - GO ONLINE NETWORKS ( old symbol: JNNE ) -- Ignore unavailable to you. Want to Upgrade?

To: CSage who wrote (166)	10/10/1999 6:46:00 PM
From: VAB cowboy	Read Replies (2) \| Respond to of 1063

Good site to review "Microcap Stock: A Guide for Investors" sec.gov And this has hints of LE, Iff'in you know what I mean. O/T Copied from the Raging Bull: Saturday, 9 Oct 1999 at 10:48 PM EDT Post # of 9636 TO: ALL Reported for informational purposes only Conspiracy!!! How Your Stocks Are Manipulated Don Steinmann [208.237.196.21] donaldafm@aol.com Hopefully the title of this article got your attention. Now here is the truth. There is no conspiracy to manipulate stocks. Yes stock manipulation does take place, especially in the small cap market, but it's not a conspiracy, it's done by unscrupulous scamsters. How do they do it? A few ways. 1. Boiler room operations calling people and pushing the next can't miss stock on them. 2. Insiders cooking the books or issuing false or misleading press releases (by far the most common, it even happens on big cap stocks). 3. Purchase of unregistered 'S' shares at deep discounts for illegal resale here. 4. Internet hype. How do they NOT do it? 1. Market makers pushing the stock up and down. 2. By actually buying huge blocks of stock to create a panic. 3. Wash sales (buying and selling the stock to create the illusion of big volume). Why don't they use these ways? Because the first one is silly. Why should the market maker take the risk of prison when he is making money on the spread on every trade. The other two because it requires the people to risk their own capital. Fraud is about getting other people to risk their capital. Yet people continue to talk about how market makers manipulate their stocks. Does it happen occassionally? Sure. But much more common is the company insiders cooking the books and issuing false press releases. That happens every day.