Sorry to break it to you Colleen, but the penny corruption is small time compared to what goes on in the big boards...
For instance...AOL
Last year it was around $90 many of the funds that bought AOL, had already made their yearly goal for gains in the first two months...for instance fidelity had some 150,000,000 million invested ..so what did they do, they spent another 5 million buying the price up to 175, then dumped their shares, almost all of them, at the high...
It was a source of anger at the time...
I also can't speak for any of those other people you mentioned. I don't know if they sold or still hold...
I also did not go to new York.. If you recall, I was in the hospital during that...
When the price ran up, I mentioned it was being pumped by two groups. The price was 3 cents when I said that.
That is all I feel I have a responsibility to do. If I see a couple of groups pumping it, I announce it.
Also, I bought and sold throughout that run, just like I had all the months prior. That's what I do, buy and sell..
I bought and sold as it was going up, and I bought and sold as it was going down, If you recall when it hit 23 cents, it quickly fell to 15 cents.
Well when it hit 12 cents I bought again, and sold at 13.5 cents.
When it dropped to nine cents I bought again, and sold at 12
I also bought at 6 cents...
And later, well after the supposed one time run, in your view, I sold at 5 cents..
Why did I sell at 5 cents, because Of the greenway connection With Vaccarro...
And, I also did try to stimulate conversation at that time about Vacarro, but no one really wanted to talk...
Why waste my time...I have better things to do myself...
You talk of rigged setups......It wouldn't surprise me if there was a link behind the scenes to the skitrade people and PABN, I don't know....
I take offence to you saying that I knew what was going on behind the scenes...Your conjecture is out of line.
I don't claim to know what inside info your brother gave to you, in your adventures...
As for victims, if you look at the pabn charts, there have been multiple large gain runs since most of the people you cited left the scene....
As for the email conspiracy..from the emails That I did see, most were people bitching about Rosario, and Jhild, and I saw a few of a fight between you and pcmodem.
After that I don't recall seeing anything really much regarding PABN at all...it looked to me, like it was more of a continuation of Lucky's bar....
but then, you once told me that 80 or more messages a day were being sent, and I'd say less than 3 a day max were ever forewarded to me.
You say that reporting would end all of the market scams...
You have much to learn.
many ways to skin a cat...
Ever seen an example of someone who bought a decent listed stock on the Nasdaq, and they bought on Margin, only to watch the bigger fish drive it down with organized buying....so that the little guy gets a margin call....
Happens every day...
How about Analyists pounding the table on stocks at their 52 week high?
look at prudential... Proctor and Gamble Strong strong Buy at $110 now at $57 they down grade to a hold...
what about Palm. How many people bought palm at $150 -100
Bet the report.
What about stocks like IVIL.. Ran to $130 at the IPO. now under $20
they report..
How about NEON....one day it is $42, then they announce that they are changing accounting methods, namely IBM sales will be recorded the Quarter after the sale, not the same quarter. Not a big deal, But, the Market makers didn't feel any guilt opening it up at $19 the next day....drove it down to $13 over the next 30 days with all of the margin calls that happened....
You guessed it 2 months later, it was at $57 now over $80
Think that was not rigged...
Or how about CKFR....$40, after close threee banks announce that they are going to form a bill payment company...And even though bill payment only represented $50,000 annual income out of the millions that CKFR makes for Bill Presentment the MM had no problem opening it up at $29...you guessed it more panic dumping and margin calls all the way down to $23
Hit $108 not too long ago......
But you go ahead and blame me for all of this if it makes you feel better...
The SEC is fully aware of who I am, what my contact info is, and believe me, it isn't because I have done anything Wrong...
You want to do something constructive. Start Alerting John Stark to potential scams....Send in the emails, with evidence to the SEC.
Janice Does, She has my respect.
TLC made a dedicated thread for info to be passed on to John Stark Directly....
Want to be a do gooder. Then do good, or would you prefer to spend your time, on one thread argueing about one company... |
