Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5 -- Ignore unavailable to you. Want to Upgrade?

To: Todmohr who wrote (71113)	1/30/2008 11:09:48 AM
From: GARY P GROBBEL	Respond to of 120417

tod..still in deep...trying to burrow out from under. The mm's can do basically whatever the hell they want to do ref OTC BB and pink....they don't have to buy or sell, show bids or offers....they can manipulate prices all day long....this is the most glaring and obvious abuse of power on the street and the SEC seems to care nothing about it. If you want action write them and scream diplomatically.

To: Todmohr who wrote (71113)	1/30/2008 3:43:38 PM
From: rogerover	Read Replies (1) \| Respond to of 120417

"Instead it appears someone was "allowed" to buy a large position in the 375 area..Conversely today..on only 1200 shares you see the action.. The MMs do whatever they want to down here.. or so it appears.." No one was "allowed" to do anything. It's very simple - there was a seller of some size around $3.75. All the MMs were doing was reflecting the orders they received. They only "do what they want" in the absence of actual orders. Since they generally neither stockpile inventory (that's the "the MMs are loading up!" myth) nor accumulate large short positions in legitimate companies like PHPG (note that this bashfulness doesn't apply to obvious frauds), when there are no outstanding buy or sell orders to match a new order against, the new order may cause the price to move a lot more than you'd expect -- especially if the new order wasn't placed with a tight limit.