InvestorsHub Logo
Followers 33
Posts 8334
Boards Moderated 1
Alias Born 09/04/2003

Re: HansenC post# 242350

Wednesday, 04/05/2006 8:34:53 PM

Wednesday, April 05, 2006 8:34:53 PM

Post# of 279080
Hansen. Maybe Fan is just selling shares also...
Could be companies work with MMs and split the profits by some agreement. MMs trade between each other to make it look like billions of shares are trading each day at the ask. A few unsuspecting investors come along and buy based on what they see on Level II. That's what happened with CMKX over the last couple of years. Could be the same thing here. It is a pretty simple explanation and you know what they say about such things. The simplest explanation is usually the correct one. Kiss that $50K goodbye is my guess. I bet Mr. Fan is doing the same thing Frank did. Same oh, same oh is my guess. Dump those shares. They say some people never learn. I think I finally have. No more of this garbage for me. Might as well give my money to charity. At least it goes to a better cause that way.

See what I've been up to:
http://uwlungman.page.tl/

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.