KAT Exploration Inc (KATX)

[AbrahamS]

Market Maker from hell today! We lost millions. Either the RATPACK got to the MM! or, he's one of them! Since the Market Maker makes his money from each transaction whether the stock goes up or down, today's MM purposely allowed the stock to go down into a free fall, by saying "yes" to every conceivable bid, so he could get people to buy and sell like crazy. That's why he made a ton of money because 20 million shares were handled specifically because of the low PPS he generated. IMO, that's stock manipulation. He made a ton, we lost many tons.
Clearly he didn't give a damn if the vast majority of shareholders lost millions today on KATX. Too bad we can't find out who did this. I guess he has a legal right to manipulate stocks or else our top NY law firm could nab him for causing those losses.