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Saturday, February 10, 2007 9:50:17 AM
Warning Pic 1: from Friday Morning...
this stock closed down -15%
Note that you will see MICA, CLYP, LAMP, SEAB, HDSN, SSGI and possibly other 'institutional' types of market makers on the bid. For the 100th time, kids, when you see these guys all lined up on the bid side, run. CLYP and MICA are not in the business of buying penny stocks. They are only there to make sure that retail feels safe enough to continue to buy stock they need to sell.
The tip off is seeing the same institutional market maker on the ask side. Trust me, one of those positions is fake, and it sure as hell ain't the side selling.
this stock closed down -15%
Note that you will see MICA, CLYP, LAMP, SEAB, HDSN, SSGI and possibly other 'institutional' types of market makers on the bid. For the 100th time, kids, when you see these guys all lined up on the bid side, run. CLYP and MICA are not in the business of buying penny stocks. They are only there to make sure that retail feels safe enough to continue to buy stock they need to sell.
The tip off is seeing the same institutional market maker on the ask side. Trust me, one of those positions is fake, and it sure as hell ain't the side selling.
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If you take anything I say as advice, you're crazier than I am.
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