InvestorsHub Logo

Mr. Bill

11/23/09 5:26 PM

#15542 RE: Perok #15541

actually MMs have a lot of games they play in general on all stocks. One of them is holding buy and sell orders and bunching them together to either instill fear of a sell off or fear of i am not going to get in (and a run up).

They also run a stock and leave many valid orders placed at the ask behind when demand exists - LOL - we filled a POS 5K $50 order - we are off the hook for our 5K obligation.

This is actually a problem with moronic regulators. Of course regulators are in the pockets of the market makers and brokers (case in point a stock where 1 share was sold 138,000 times in advance of a 3M to 1 FS and brokers and MMs were bailed out by the SEC at the request of the NASD - to HELL with the rules!). They know the 5K rule allows complete and total manipulation on the OTCBB and pinks. Hence, they do nothing to change it! How about a minimum $1K / 5000 share kind of arrangement (or less only if the trader's order was for less)? This would cause a more reasonable market place. How about a maximum spread of 10% including below .001? Again, a market oriented to trading.

These both are unpopular because MMs cannot scrape in a 10%+ to sometimes 100% gain on the spread.

Regulators protect investors? LMAO - Regulators protect the big name on wall street - always have and always will. Meanwhile they sling BS that they are looking out for the little guys.