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Microcap & Penny Stocks : Ben Ezra Weinstein (BNEZ) -- Ignore unavailable to you. Want to Upgrade?


To: heatseeker who wrote (6862)1/8/1999 10:57:00 PM
From: Elio Madama  Respond to of 9391
 
Before I go.
You got a good point right there.
Those small trades of 100, 200, 300 shares at the bid to keep the price low all the time.

But remember, I said many times in the past that is done with many OTC BB stocks.

It's done with my MKII all the time.
And all the time I fight back by buying 100 at the ask all day long, to keep price at the ask.

It's done by MM's or investors?
And why to keep the price at the bid?
What's the idea?

Elio



To: heatseeker who wrote (6862)1/9/1999 3:50:00 AM
From: Ellen  Read Replies (1) | Respond to of 9391
 
Also, how do you explain the occasional 100 share trade at the bid? I can't think of any other explanation than manipulation.

I have to think as you do on that - painting the tape.

Maybe they (MM's) expect things to move along as Mitchell described (good post, by the way!), so they're shaking it for all it's worth right now. I'm not a "conspiracy theory" fan either but we all know they DO things like this. Nothing "conspiracy" about it, IMO, they're just making $$ every way they know they can. Nothing unusual about that, unfortunately. I for one plan to wait them out.