Post by
markvrd on Jun 08, 2007 9:48am
Be wary of SP manipulation here
I noticed this morning that prior to open, there were several large sell orders in place at 4 cents and 4.5 cents.
These gave the misleading impression that we were going to open at 4 cents and that there were lots of sellers at 4 and 4.5.
This is just wishful thinking on the part of people who want to buy in on the cheap and are trying to rip you off. All orders at 4.5 and 4 cents were pulled just before markets open. After two down days on the markets, you will see this kind of tactic quite a bit.
It is important to be wary of tactics like this as there are definitely people playing games with this stock. This is common enough with junior pharma penny stocks ... just be aware of it if you have not invested much in this kind of stock in the past.