posted
[I especially like this quote. Man I can't wait until this blatant stealing from the stock market stops.]
Just look at the various issuers whose share prices are pinned down at the no bid and $.0001 offer level. Of course there is an imbalance between too many buy orders and not enough sell orders. Note in the daily trading of these issues that no matter what the level of buying thrown at the $.0001offer, the offer just won't budge. Crooked insiders do not sell in this fashion. When they see huge levels of buy orders entering the market, they scale up their offers to yield the maximum amount per sale. What's interesting about these "stalemates" is that if the fraudsters stop naked short selling and the PPS goes up the least amount possible, to $.0002, then this will result in the fraudsters having to "pony up" millions of dollars in cash to maintain margin requirements.
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posted
Good post. Unfortunatley, it seems it has fallen on deaf ears....There's an awful lot of money involved here, don't expect any timely correction.....GL...
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;)
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posted
Marty this issue is too hard to ignore for much longer. In the meantime, we should stay away from stocks that have fallen victim to the fraudsters; let them starve. My advice is simply don't bother losing your money on stocks that have fallen victim to scamsters. I got some ideas on how to spot such stocks, which I might list some other day. Let's face it, all stocks are the targets of shorting scamsters, and they dominate a substantial number of them. It bothers me to see 90% of the most popular threads here are for such stocks. I have a desire to educate the investing public to avoid suicide stocks; I'm no expert, but that won't stop me.
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