Replies to post #76452 on 8000 Incorporated (EIGH)

[xtkw45lk]

From your link:

D. Are short sales legal?

Although the vast majority of short sales are legal, abusive short sale practices are illegal. For example, it is prohibited for any person to engage in a series of transactions in order to create actual or apparent active trading in a security or to depress the price of a security for the purpose of inducing the purchase or sale of the security by others. Thus, short sales effected to manipulate the price of a stock are prohibited.

Seems like we see this a lot on this stock.'

Now this applies to what you are trying to say.

Although some short squeezes may occur naturally in the market, a scheme to manipulate the price or availability of stock in order to cause a short squeeze is illegal.

Except... those of us participating in this, are not actually doing it as an organized group, odd as this may seem. None of us has committed to buying and holding a set amount of stock for a set amount of time. Anyone in our little group can buy as many shares as we want, and sell when we want. I signed no agreements to participate in this action, and I can bail at any time with no penalty at all. There must be proof of an organized scheme to manipulate the stock price in order for what we are doing to be illegal. And on top of all that, we can't control the price of the stock. The only thing we can do is buy and hold. Just like every other investor out there. I can't control whether anyone else bails, and I can't control the price of the stock. None in our group can. Monk was not involved in the company when he called the stock a year ago, and since he did become part of the company he has not been involved in anything to do with EIGH in a public manner. He has kept his mouth closed where EIGH is concerned, which has been verified by Grand Junction Monkinar attendees. I intend to ask him what the deal is with EIGH when I go to Boston, and will post his response here. What I expect to be posting is something along the lines of "Not talking about it. Next question."

So, the link in your post shows that blatant and persistent manipulation DOES happen at the Market Maker level, otherwise it would NOT BE ADDRESSED IN THE LAW. And, our little group of investors does NOT MEET THE REQUIREMENTS OF THE LAW to be manipulating the stock to force a short squeeze, as we have no control over stock price, no written agreements, and no control over the accounts or cash of others. We just have a common goal, to buy and hold all the stock we can handle in this company.