To: jhild who wrote (2 ) 6/10/1998 11:45:00 PM From: Just-a-thought Read Replies (1) | Respond to of 95
Hey child, (which one are you!) There are two ways to short a BB stock...one Illegal... the other.....unethical... 1st the illegal one: (MM's can't legally short under 5 bucks) Lets say you go to the super market a buy 'apples'.... you pay for them....then bring them home...easy... Then other people go to the same market and do the same thing... Pretty soon they run out of apples....the store calls their normal supplier of apples and finds out...they have none either.. The store then goes across town or out of state for their new supply of apples....but the price goes way up!!.... The next time you by apples you might pay twice as much! All because ...you and others brought your apples home with you. When you buy a penny stock and don't take posession of your shares.....guess what....they can (illegally) sell the same shares to someone else!!!.. (cause you didn't bring your apples home).....How many times have we been in a penny position, watching buying all day, and the price barely moves.... Not all MM's do this....but enough do, to make our trading that much more difficult......you might think you have a 'float covered' and yet the price stays the same... Then you can have MM's trading amongst themselves just to 'inch' the price down.....ever see 5 or 10 buys....and the price goes down?......another one of their tricks is to delay a 'buy' to make it look like a sell!..... You already have my position on stop loss trades. They're just trying to induce a panic-selloff so they can pick up some 'cheap shares'....if you fall for it 'you lose'.... then you try to buy back in....get caught in a runup.... and end up on the backside of another trade....(greed).... Theirs and 'Ours'.... Now the unethical one: (i'm not saying 'New To Area'.... is doing this. I'm just using his post to illustrate) Another way to drive the price down is to 'construct posts that will create 'Fear, Uncertanity & Panic''.... If enough people create enough negative posts they can drive the 'Ask' down......and or prevent 'new investors from buying'!. Here is NTA's post from the "HOT STOCKS???" group... >>>>>>> Subj: ICVI By: NewToArea Date: Feb 7 1998 4:47 P.M PST Reply To: Msg. 2824 by auggieee Some people have already lost almost 50% of their investment. Nothing but rumors. The pending news can't be that good. Make sure you read posts #149 thru #161 on the ICVI thread. If you like what you read then buy it. I wouldn't. <<<<<<<<<< If he read the whole thread like ---'I have repeatedly asked'--- He would of realized, that none of us here have any 'SOLID'... INFO, 'WERE STILL WAITING'...... NTA goes off thread to 'HOT STOCKS???' and.... (again IMO, at the time)....tries to get 'Future Investors' to read the posts 'HE' wants them to read.... Because of the total lack of news I have asked "NEWBIES" to read everything!!....Then make their decision!.... My reason for attacking NTA was to 'nip something in the bud', or at least try to bring it back into the thread.... "Where it belongs" Just-An-Elongated-Thought Lt,jat($have-tail)