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wallymac

11/03/09 2:38 PM

#12826 RE: mwab52 #12824

No problem. I've been in this stock since March 2007. Sold some over the course of the summer but still holding a decent core position here.

Funny thing is that every penny stock I currently own, there are people yelling manipulation. In many cases it's true but the manipulation is happening from retail traders and not the MM's. Think about it, if you were a retail trader and wanted to flip the stock, it's easy to blame the MM's and get everyone on board with you. It's usually a group that does it. They load up at a certain level, then they start pumping and posting it all over the boards. Once the PPS goes up they sell and yell MM manipulation. They get their profits and lay the blame on the MM's.

Not saying that anyone here is doing it but I've seen it enough on other stocks over the years. Also not saying that NITE or other MM's haven't at times manipulated a stock but they usually do it with flash trades. http://www.bing.com/search?q=flash+trades&src=IE-SearchBox&FORM=IE8SRC