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Microcap & Penny Stocks : BASHERS POST THEM HERE!!!!! -- Ignore unavailable to you. Want to Upgrade?

To: Janice Shell who wrote (86)	6/30/1998 9:20:00 AM
From: Larry Voyles	Read Replies (2) \| Respond to of 390

Let's talk about manipulation. I need a ruling on the definition of manipulation. Here's a hypothetical scenario: I own a sizable number of shares of XYZ company that have been accumulated over time (3-5 days). I and other daytraders have agreed to accumulate this stock. We have reached this agreement through private e-mails and other non-public forms of communication. XYZ company has reached a resistance point where I (and other daytraders) consider it prudent to collect profits. We agree on a date and time to start the "selling plan". We agree on a price point to start selling. I (and other daytraders) start buying nibbles of XYZ at the ask, hoping that the price will gap up sharply and start buying interest. It does. At the pre-arranged price point, we turn around and start selling into the gap in huge quantities, which causes the price of the stock to decline and causes other nervous nellies to join us in selling. XYZ continues its downward momentum (A.K.A. "slaughter") until it reaches an attractive entry point. Many of the daytraders re-enter at this attractive price. The stock recovers somewhat, but still ends up down a point or more on the day. Over time, XYZ will recover through accumulation, at which point this game will be played all over again. We're the people you read about when CEOs say "We don't know why the price of our stock has (gone up)/(gone down) sharply." Is this blatant, illegal market manipulation? Is it a legitimate exercise of market forces? Should daytraders not talk to each other? What's your opinion?

To: Janice Shell who wrote (86)	6/30/1998 9:39:00 AM
From: Dave Gore	Read Replies (2) \| Respond to of 390

JANICE, JANICE....your "true colors" and your highly colored viewpoint is showing now. You have an ulterior motive. YOU SAID: Sorry, but Henry's right: the vast majority of people being taken to the cleaners in the BB market are the victims of hypesters. The PKGP case is a perfect example. The Rocketeer stocks are another example: the prices they reached at their highs had nothing to do with "fundamentals" and everything to do with hype. MY RESPONSE: Shame on you! It is now clear, you are not trying to protect the individual for blatant activities of hyping or bashing....you have another mission, don't you? The Rocketeers? PKGP? Hmmm..... I was not involved in INFE or ICVI (MTEI) but they held DGIV together when the naysayers and MM's were playing all sorts of games to try to panic people into selling, because they (the MM's) got themsleves caught in a huge short position. Everybody made money on DGIV who held....that is one of the few stocks ran so far and that did well for a few months and it was the loyalty created by some of the Rocketeers that was responsible for it...loyalty and holding of the stock. Aren;t hypesters normally looking for a quick "hit and run"? Only when the Professional bashers came in did things go awry. An investigation soon by the WSJ will reveal details on the shorting and illegal activity that went on here. When a Rocketeer pick, ICVI, was hammered by bashing and shorters a few weeks ago, the MM's were literally moving the BID DOWN with overwhelming amounts of BUYS over sells. Are you saying the the Rocketeers, and the Rocketeers only, were solely responsible for people getting hurt here? The bashers and naysayers and MM's had nothing to do with tanking the stock? INFE was trading about 20 cents, wasn't i, and the Rocketeers moved the stock above $2.00 and it is holding strong...good for them they found a real diamond in the rough. Did you get burned on that one? Were you shorting it? Sounds like it. PKGP? The stock trading log shows as much as 20 million shares traded a day and you don't think that the MM's are playing games here? You don;t think they were selling amongst themsleves and creating illusions of volume and using that as a tactic to amke it look like the bid was dropping? The short position and manipulation on PKGP is incredible. And we saw lots of people whom we haven;t seen in ages coming over to PKGP yesterday, creating fear and doubt. Re: the reverse split, if true, was not any investors fault, it is the company's doing, which everyone is pissed about. JANICE....you youself have now stooped to bashing.....shame on you. You are bashing some of the most loyal individuals on SI...at least they don;t daytrade, and people seemingly can always get out with a double or triple if they don;t chase a stock. People are constantly told not to chase a stock that has doubled from where it began running. Employing that philosophy would have benefitted all who were long on DGIV, INFE, and ICVI. But the real point is not that I am not into your now obvious game of bashing those who promote and hold stocks longer term, the real point is the small investor needs protecting. whether it be from hypesters or those who come in after we buy and do everything in their power to tank stocks that we own, including the sleazy ways of some MM's.