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Re: Peter Piper post# 3270

Wednesday, 08/25/2010 9:58:00 AM

Wednesday, August 25, 2010 9:58:00 AM

Post# of 31299
No problem. We are still being controlled by the MM here with almost 55% of the shares traded yesterday on KATX short. If you see a big run up and dump like yesterday you can be sure they are walking it up and then shorting and moving it back down to cover. They completely manipulate this stocks movements. When they want it to hold they tighten the spread. They will wait for a sucker to put in a stop loss then blow through it. IMHO there is a difference between a orderly market and market manipulating. The SEC and Finra need to stop this garbage or no one will want to invest in a rigged game. Thing is pinks are the worse but even moving up does not protect you from these thieves as the houses use flash trades to ping the market and front run. Yes, it is illegal, but the SEC has not stopped it. Wnder how GS had no loosing trades last year. How can that be unless the system is rigged.

Question is how do you win in this game. Somethings I have read is that you can ask for an accounting of your shares. You might find out with naked shorts you have more than issued. MM don't worry about covering most pinks since they will be out of business in a few years, but what if you are successful? Now the MM either have to drive out of business or drive your stock down to cover their massive short. Some suggest also once cash flow permits buying back shares and paying cash dividends as a way to combat the MM fraudsters. Seems it is an uphill battle in that you have to succeed in the business but also fight the MM's.
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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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