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


To: Metacomet who wrote (1808)2/16/1998 9:37:00 AM
From: Mama Bear  Read Replies (1) | Respond to of 6464
 
>>>How does that work? In the case of BAAT, are we to believe that all
news is contrived to fuel the pump? Then when the stock rises, holdersdump millions of shares? In order for the principals to benefit, they would need to be dumping unregistered shares or run the risk of SEC censure, wouldn't they?<<<

Hmm, I thought there were some shares registered in December. But yes, you've basically got it. There are as many ways to get around the SEC rules as there are penny stocks to pump'n'dump.

>>>Or is this a case of a legitimate start up company unable to escape the drag of a group of market makers, (who short the stock, and paint the tape) whose overriding interest is exploiting their licenses to steal and "separate the marks from their money"?<<<

It's so easy to blame the market makers. Right now, there are 23 market makers bidding for BAAT vs 23 offering the stock out. Each of these are separate companies with a concern for the bottom line. Your premise requires them all to be colluding together, which would make trading in the issue a complete farce. But somehow as cutthroat as Wall Street is I just don't see them all together on the grassy knoll. But if that's what you believe, it's another good reason to stay out of this stock. The market makers didn't promote this stock all over the Internet. The mm's didn't get this ball rolling. Just because they took advantage of willing buyers in a no brainer short situation doesn't mean they're "manipulating". It was the people foolish enough to buy at the bottom of the pyramid that gave them they're "license to steal".

Barb