To: Rande Is who wrote (2226 ) 2/28/1998 1:37:00 PM From: Terry Over Read Replies (2) | Respond to of 18444
OtherCrap exposed. Read on to realize how he profits by being here. Please Check the time on: #2246 In response to your statement on #2226: "except for the occasional jab after cocktail hour from his home, we won't be hearing from him until 9:30am Monday morning." Right on with your detective work. When LOCK is hot, there is another "DoubleCrap" with the name "TechTrader". Now it is TekTrader I think. Might want to go to LOCK, find one of his posts, open his profile, check out his responses. Same exact M.O. In fact, probably the same person in the mm office. Two or more memberships. Important for people to realize that a mm can short thousands of shares when the stock spikes without borrowing the shares first. For instance, a stock like NETZ spikes up to $1.40 in a few minutes, OtherCrap loads up "1000" shares in the "sell" window on his computer and keeps hitting with the "preference" box checked on mm at the bid. This causes those mm to disappear on level 2, if the momentum is strong on the buy side at the time, they continue hitting the sell until the mm on the bid side start to wane. When this happens, traders see the bid mm'rs disappearing and they run for the door too. When the price drops down, DoubleCrap doubles his money by buying the shares back quickly by hitting the "buy" side on his computer enough times to equal his sells. Now he pockets the difference, and he is flat. Remember he has 3 days for settlement. The more he badmouths the stock the more he profits by being able to buy the shares back cheaper than he sold. The only way he can lose is if he can't buy the shares back cheaper than he sold them for. Very little risk in that. Fastest way to make money quickly. REAL quick. $100,000 in a day is common on a little penny stock easily. Saw it being done in New York in '96 Do not believe DoubleOtherCrap when he responds to this with, "Your paranoid........" or, "Impossible, I've never shorted or bought this piece of crap stock......." Or: "That's ridiculous, for one thing it's illegal, or, "It can't be done", and I don't know what I'm talking about. Remember, I SAW it being done and thought at the time that this was crooked as hell. And it IS. Highly crooked. But, none the less, when there is big bucks to be made "otherCraps" do it. Big time. Read his letters, he is only interested in trashing this stock during market hours for 6 1/2 hours. He shorted the stock and is only interested in buying the shares back at the cheapest possible price. Now get ready to see "new" letters appear in his profile so he can say, "see, I'm interested in other stocks." The guys I saw in New York made a killing on IDID. They are working in tandem too at their office. Same guy, 2 names. One name tries to validate what the "other" name says. Gets the negative momentum going. Notice the name, "Other"Chap? Try and figure out who the other other chap might be and the puzzle will come together. Aloha, Terry