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Pastimes : Triffin's Market Diary -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (225)	2/28/2004 5:38:18 PM
From: Triffin	Read Replies (1) \| Respond to of 869

BC: LOW FLOAT POPPERS .. .. .. .. .. .. How to manipulate a stock .. You need a low float company, less than 10 million shares, with a real business ie they at least have revenues and hopefully earnings .. then you need a "hook" or "story" .. 1) A series of positive PRs 2) A price breakout to new highs 3) A volume surge 4) A very active message board If the daily volume exceeds the float then you get a IDSA/TASR situation, but the group controlling the float has to be working together in an organized way or they won't be able to wrest control from the MarketMakers .. the private trader shorts don't matter .. continuous forced shorting and covering keeps the 'game' going .. In the end .. the stock will collapse with the MarketMakers making the bulk of the dollars .. ie the little guy won't be able to legitimately 'borrow' shares to short during the 'end-game' .. The key for us ( the small investor ) is to ID one of these manipulations early enough in the game and to go along for the ride .. It takes 50-100 million in buying power to do one of these deals .. Just takes a few 'hedge' funds acting together to pull it off .. sometimes in collusion with management ie timed release of positive PRs during the manipulation etc .. etc ..