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Tuesday, August 20, 2013 3:31:09 AM
The SEC and FINRA would disagree with you.
Setting aside all of the NASDAQ stocks, there are nearly 3,200 securities trading on the OTC market. How does a market maker have time to review what's going on with all of these stocks and engage in intra-day manipulation of them?
It doesn't even make sense. Most actively traded OTC stocks seem to have people who believe that market makers take an active interest in the stock and engage in manipulation - especially when the price goes down or won't go up. It's very rare to see anyone claim that market makers manipulate a price upwards.
Knight Trading Group (NITE) may do some trading for its own account but I sincerely doubt that penny stocks are ever part of their portfolios.
The main point is that Penny stock promotion newsletters aren't reliable sources for accurate information about how market makers operate. A neutral article on Investopedia was suggested as a more educational source.
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