Replies to post #3581 on Delta Mining & Exploration (fka DMXC)

[greencheetah]

From SEC...

Market Makers can easily manipulate prices.

Start quote:

"The people handling the trades can manipulate the price - the MM's.A "market maker" is a firm that stands ready to buy and sell a particular stock on a regular and continuous basis at a publicly quoted price. You'll most often hear about market makers in the context of the Nasdaq or other "over the counter" (OTC) markets. Market makers that stand ready to buy and sell stocks listed on an exchange, such as the New York Stock Exchange, are called "third market makers." Many OTC stocks have more than one market-maker.

Market-makers generally must be ready to buy and sell at least 100 shares of a stock they make a market in. As a result, a large order from an investor may have to be filled by a number of market-makers at potentially different prices."

[greencheetah]

Also,

Say you and your buddy notice that the last trade of DMXP was .0036. The current bid is .0033 and the current ask is .0039. You want the price to drop, you want people to get scared and you want to buy as low as possible. So your buddy puts in an ask of 5000 shares at .0034 and you put in a bid for 5000 shares at .0034. Last sale of DMXP could quite well then be .0034 and dropping. With low volume this happens. And yes, it is against the law.