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Re: GuTA post# 48557

Wednesday, 02/26/2014 2:43:38 PM

Wednesday, February 26, 2014 2:43:38 PM

Post# of 222669
I have never, ever said there is no manipulation of penny stocks. There is a lot. And as many SEC litigations have shown, time and again, it is almost ALWAYS insiders, affiliates, or note holders. There has yet to be a single documented case of a NSS being found on a penny OTC issue that was manipulating the stock. Not one. But I can cite a dozen cases off the top of my head of insider manipulation though.

As to those 100 share trades...they show up on a number of stocks while they are going up or going down. About 3 or 4 months ago odd lot trades started getting reported on OTC issues. I suspect those 100 share trades have always been there...they just never got reported. Now they are the talk of a bunch of penny stocks that have them.

Edit- there is an explanation of the 100 share trades stickied above. Whether you accept that explanation or not is entirely up to you.