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Wednesday, December 20, 2006 10:13:24 PM
Can anyone here explain the mechanics of exactly HOW it was possible for a COMPANY to manipulate the share price on the OPEN MARKET, to cause such a quick drop in share price, resulting in the panic that ensued?
Of course you can't, because it is not possible for a company to do this! (Now, I imagine that IF a company had a crooked broker, MM, investment banker, hedge fund, etc. helping them, then it would be possible, but my money is on one of these entities doing this by themselves without the company).
It could only be done within the Market itself, which is why we should be going after the criminals that did this, instead of whining constantly about SLJB.
Sure Petar & Steve made a few mistakes, but how many of you can say that you have NEVER made a mistake or two in your life?
Doesn't mean that they are crooks! Sometimes things don't go as smoothly as you would like in the business world.
One thing that SLJB should do in a PR, is clarify this situation for all of us, by stating that they were not responsible for the raid on the share price on Nov. 16th, and it was outside entities that are responsible, even if they don't know who they are.
John Good
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