Replies to post #37958 on Biotech Values

[natvik]

Dew;
"kludgy"? Interesting choice of words - even as I agree.

More importantly - especially given the swings - and volume - of DYAX is trying to figure out what the heck happened. Frankly, scotTrade saved me some money this morning. It is hard to tell if these are pump and dump or legitimate efforts by someone to enter a security.

Thanks for the comments;
steve

[DownWithPumpers]

Requiring investors to phone in orders seems like a kludgy way to solve the “manipulation” problem.

There's been a huge increase of people off-shore breaking into people's web accounts and putting 100% of their funds in some pump and dump stock. Many brokers have responded either by totally stopping buy orders on some stocks or requiring people to call in. The brokers wouldn't be doing it if it didn't help cut fraud.