CMG Holdings Group Inc (CMGO)

[palgosi]

O.K. - here is an example: Pinky stock (symbol xxxx) just traded at .025. There are 5 people with sell orders at .0251. There is another person with a sell order at .0255. A MM can post .0255 as the "ask" even though .0255 isn't the lowest ask price.

Ameritrade rep told me that MM's in pinky stocks basically have license to steal. Almost no rules for them.

What I am trying to say is that the MM's play all sorts of games to try to get you to buy or sell a stock.

Another example: xxxx is trading at .025. There are numerous bids for millions of shares in at .0245. There is also a bid in to buy 1000 shares at .021. MM can post .021 as the "bid" to try to scare people into selling their shares, thinking the price is tanking because of the low "bid" price. Then they scoop up these panic sell shares.