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Microcap & Penny Stocks : LAHAINA ACQUISITIONS, INC. (OTC BB: LAHA) -- Ignore unavailable to you. Want to Upgrade?


To: WEBNATURAL who wrote (56)2/16/2000 9:12:00 AM
From: myturn  Read Replies (1) | Respond to of 70
 
Ditto on LAHA theory. News still expected on Friday. It appears to me we have someone who is flipping it for pennies through a market maker account.

They gobble some shares up at the bid from the weak hands, then go in and buy some more shares giving the illusion that is moving up, then sit their on the ask unloading there shars for mere pennies. JUST THEORY, BUT POSSIBLE.

THINK, IF YOU HAVE HAVE MARKET MAKER ACCOUNT OR IF YOU ARE A MARKET MAKER; YOU BUY 10,000 SHARES ON THE BID OVER A COUPLE OF DAYS IN A THINLY TRADED STOCK, THEN YOU START BUYING AT THE ASK, BECAUSE NO ONE ELSE IS BUYING FORCING THE PRICE TO MOVE UP.

The only problem with this theory is that all the MMs have been active at one time or another in the stock.