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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?


To: risk-averse who wrote (11452)6/10/1998 3:28:00 PM
From: ~digs  Respond to of 11850
 
Thanks to you and Jas for great posts... It can be frustrating having to repeat info for newcomers, but there are just so many posts. Our time and efforts will pay off, we just have to wait. Thanks guys.

Regards,
~prot‚g‚

PS. As a general rule, I like to keep praises, thankyous, chit-chat, etc. in the PM's. In the future I will do so.



To: risk-averse who wrote (11452)6/10/1998 3:36:00 PM
From: BILL L  Read Replies (1) | Respond to of 11850
 
Good post, Risk-averse. Must read #11450
Regards
Bill L



To: risk-averse who wrote (11452)6/10/1998 3:39:00 PM
From: Citidude  Respond to of 11850
 
Risk & JAS, darn good work!!!!!! (eom) Chris



To: risk-averse who wrote (11452)6/10/1998 4:07:00 PM
From: Tod C  Read Replies (2) | Respond to of 11850
 
Nice work everyone!

Anybody care to post our response to that SD dude? ggg

Tod



To: risk-averse who wrote (11452)6/29/1998 2:40:00 PM
From: Lee N  Respond to of 11850
 
Do you have a copy of the original Stock Detective Post? If so, I would like to get a copy. Tead the part in this article about the Stock Detective.

To: +Lee N (1142 )
From: +Rory McLeod
Saturday, Jun 27 1998 4:06AM ET
Reply # of 1148

Lee,

I understand fully what you went through. Here's a post that is circulating through SI fairly
quickly about MMs. I suggest all who read this to copy it and paste it to whichever threads
they regularly frequent so all know:

A post from David Gore on INFE about shorters and MM manipulation. FYI.

WOULD LIKE TO SEE ALL SERIOUS "long" investors read and
respond:
I am posting this on a couple other threads, but not sure how much
we want to publicize this...would like your suggestions first. Many
of you here are very saavy. This is an issue that is killing the small
investor

***********
IMPORTANT READ FOR ALL LONG" INVESTORS ON SI: I
wanted to ask you all something fundamentally important to ALL of
us. It is pretty obvious that Market Makers are trashing good stocks
and bad lately. It is brutal...I am sure you have noticed.

Microcap 50 index is down 6 weeks in a row... some 14%

LOOK HERE... a must read on MM Shorting tactics. It uses ALYA
as an example but note how the MM's pump up to get maximum
ASK PRICES when good news comes out, and drop the BID
PRICE when things die down to panic investors into selling and
picking up cheap shares to cover. They can make 20% or more
each day by doing this on large amounts of shares. (please click on
the link below and see the excellent post)

NOTE: this is not only on really quality stocks like ALYA but
hundreds of others every day; in fact it is much worse on most
other stocks because long term investors are in ALYA who buy
dips

exchange2000.com

ANOTHER MM TACTIC:
Also, on most stocks, they are slowly walking down the Bid on
small sells and in some cases "walking down the bid" on buying!
They apparently feel that they can go short and get the share price
down eventually to cover. This happened on MTEI recently with 3
to 1 buys over sells. On SGNC they held the B/A firm even with
massive blocks of buying and good news, and then moved the
Bid/Ask down 20% when things slowed down. It has stayed there
and not recovered.

******** READ ON... THE BIG NEWS...massive scandal?
I have been playing detective, forming alliances with others I trust
with connections, and have even been interviewed by a reporter
for the Wall St. Journal (along with others in DGIV) doing a story
on BB stocks, MM manipulation, and PR firms that are even
shorting companies they are representing!

A MAJOR SCANDAL BREWING?
Others whom I trust have stated that MM's are being paid by US
Brokerage houses and big boys to work through Canadian
Brokerage houses to short stocks, as shorting BB stocks is
apparently allowed from Canada of US BB stocks. (NOTE: in the
US, shorting is not allowed in non-marginable stocks under $5.00)

YET ANOTHER MM TACTIC..."the STOCK DETECTIVE"
MM's are lurking on most SI and YAHOO threads and looking for
a ripe moment to hire shady firms like the "STOCK DETECTIVE"
to discredit even some pretty decent stocks like DGIV, NUKE, and
DCHT. See "STOCK DETECTIVE exposed below:

SEE HERE...a MUST READ, especially the last 3/4 of the article
referring to the shady workings of the Stock Detective, who itself
is connected to AXESSS, a pink sheet stock of very dubious
history.

exchange2000.com

PLAN OF ACTION:
Just curious if you think there is any hope here? And an effective
course of action.

I suggest we all call our local SEC officials and implore them to
look into this problem more seriously. I know they are
overworked, and I know new regulations are coming in a few
months (i.e all listed companies must be fully reporting) but we are
being taken to the cleaners....NOW!

I have already started calling SEC officials and my contact at the
Wall St Journal...we must all do that, IMO.

Of course finding great stocks, laying low, and holding long term is
the best strategy, but seemingly hard to organize people to do that.

Any other ideas welcome!

Dave
PS-- a post suggesting how to deal with thread bashers:
www3.techstocks.com post

Cheers, Rory