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

To: Larry Voyles who wrote (89)	6/30/1998 9:47:00 AM
From: Adivino	Read Replies (1) \| Respond to of 390

Larry, There is nothing illegal about what you have said. But a true daytrader doesn't accumulate shares over a number days, a true daytrader will not hold a position to the next trading session regardless of how they have fared during the day. Succinctly this means that a loss is a loss and a profit is a profit and all the scores are settled by the end of the trading session-win, lose, or draw. What is ethically wrong is daytraders hyping, or bashing a stock depending on their holding position. This is only my opinion but my definition of a true daytrader comes from one of the masters, Jake Bernstein.

To: Larry Voyles who wrote (89)	6/30/1998 10:36:00 AM
From: Janice Shell	Read Replies (1) \| Respond to of 390

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? If the traders in question are market makers or brokers, then it's most certainly illegal. If we're talking about private individuals, it's certainly collusion, but I doubt if they're breaking any laws. However, in most cases you'd need either a large number of participants (awkward, and the scheme might be leaked by someone), or players willing to deal in very large amounts of stock (and getting rid of such amounts profitably can be a problem). As Henry's pointed out, BB stocks tend to be news driven, so if you miscalculate and something hits the headlines, you're in trouble. But of course it happens: the old repeated pump and dump. And yes it'd be nice to see it stopped, but I'm not sure how that could be done.