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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?


To: Richard Mazzarella who wrote (12248)11/10/1999 1:26:00 PM
From: Scott Wheeler  Read Replies (2) | Respond to of 14226
 
<< why are the MMs paying more than the bid? >> To get the price up as high as possible in order to reap a richer harvest once they dump the shares bought on the cheap in the past couple of weeks. I see we're now at .10, but in the meantime 50,000 plus shares were traded. It got back down to .12 for awhile, and then they bought 100 more shares to boost it back to .13.
host.cnbc.com

If you can minipulate the market and think s/t is up, why not push it down instead and get a lot of cheap shares and wait to make money later? Nope, I think this is pushing up in order to sell.
regards, Scott

p.s. I see we're getting a nice little bump in Pt today - up 4% and change....