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Microcap & Penny Stocks : BAAT - world records for electric vehicles with zinc-air -- Ignore unavailable to you. Want to Upgrade?


To: Jim Johnson who wrote (850)2/6/1998 12:53:00 AM
From: JB  Read Replies (1) | Respond to of 6464
 
Don't you think it might be dangerous over the weekend in case barrons goes on one of the tirades?



To: Jim Johnson who wrote (850)2/6/1998 1:08:00 AM
From: Richard L. Williams  Read Replies (1) | Respond to of 6464
 
Hi, Jim--
I believe I saw the same thing you did. Blatant manipulation of the stock's price through psychological means.

I was surprised to hear that the early spike up was real...I had assumed that that was a technical glitch. I may be naive, but I have to ask this: I know that MM's are given a lot of leeway, but that move seemed to be way over the line. Aren't MM's accountable to anybody?

I noticed that during the day, the low was posted as 1/2 at one point, and 1/8 at another...only to be "corrected" to .62 later. Looks like our friendly MM is trying to cover his tracks.

I really doubt that BAAT is the first stock to get manhandled in this manner. But can the SEC really do anything about it?

Tomorrow should be interesting.

Cheers!
Rick



To: Jim Johnson who wrote (850)2/6/1998 8:51:00 AM
From: GMPetersen  Respond to of 6464
 
IMHO and according to time and dollar data, the trade at 12:07 for .62 was for 2000 shares. Could have been a stop loss. Checking the trades there also is a trade of .12 / 2000 shares at 13:26. How does this make "about 270,000 shares for about 70 cents"? No doubt there were many shares picked up at reduced price mid day.

GMP