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Johnny4profits

11/20/09 3:01 PM

#43206 RE: Trav G #43205

Not knowing, I have really suspected that this was a collusion strategy to lower the pps for a CPRK buyback agenda at a best possible price. Like I said, not knowing.

However, I've seen no commenting as such and surmise that my thoughts are most likely totally off base and that the nature of the price controls have nothing to do with the company being implicated.

On one hand, no collusion with MM's or whom ever is orchestrating this trashing of the pps is good for a number of reasons. On the other hand we still have no buy back by the company at a most beneficial time for them and their investors.

Any thoughts on collusion? Is this just not something that would or could happen?
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CopperKen

11/20/09 4:01 PM

#43228 RE: Trav G #43205

Trav, I have been asking the same question over the last half-year. First, assume the MMs are not in collusion with the shorters. The shorters offer to sell very small amounts, say 5000 shares below the bid. But they do this continuously. Some of us may hit the ask, but only bid occassionally. They however, continuously replace sell orders below the bid and so the price continues to go down, despite our purchases.
Should we fight this and make lots of small bids at the ask? Would it be legal? I sure wish we could find out.

Next assume the MMs are in collusion with the short sellers. Here it would be clearly illegal, IMO. Why did Nate & others have small orders that were not filled for almost 1/2 hour?

One day the illegal acts will result in punishment. We do not need/want to engage in any illegal acts. It sure would be nice to know where the line is drawn by law.