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Non-Tech : Sungold Gaming International (SGGNF) -- Ignore unavailable to you. Want to Upgrade?


To: sfh who wrote (1847)2/25/1998 11:07:00 PM
From: c.r. earle  Respond to of 5164
 
To all,

You know, we can also play this same game that the MM's are playing on us.

Case in point. All day today the bid/ask was $1.25 - $1.75. When you look at the end of day trading summary, you see that the low for the day was $1 5/8 and the day high of $2.00. We all know who got filled at $2.00, obviously the MM. But at least we all refused to sell at the manipulated price of $1.25.

And that my friends is the answer, do not allow yourself to sell at the bid, because you should all know that it is almost certainly the MM buying your shares with the knowledge that he can turn and sell for a profit because they have a buyer at $2.00. So play the same game. If everyone simply refuses to sell, they will be forced to raise the bid.
You will almost never be able to sell at the offer on this market.

I must say that I find myself disappointed that we are spending so much time trying to elude the shorts with all this selective trading (ie. as has been pointed out that trading on the pink sheets allows us greater protection against the shorts being able to fill large positions without driving up the share price. I will concede some merit in that logic.

But really!, shouldn't a company be able to do that with fulfilling it's goals. I know I know it is not that simple. And by stating this I am not necessarily questioning the validity or potential of our company. But I cannot help but wonder.

As some other posters have mentioned, I also am becoming increasingly frustrated with the very obvious manipulation being demonstrated on the pink sheets.

Regards,

P.S. Allow me to indulge one more pet peeve of mine. Without naming anyone in particular I must say that in regards to comments by newsletter writers. I find annoying that comments are relegated to the 'if developments occur' category an opinion will be ventured.

You know I would much prefer to hear a comment/opinion when the price goes down. I do not nearly have the same urgency in hearing why my stock has gone up! And this has nothing to do with hand holding, as far as I am concerned. It simply seems to me that is what I am paying for.

Sorry for my rambling post and if my comments have offended anyone.