Re: Rundle-Theories on holding stock price down...
posted on
Jan 06, 2008 08:29PM
Herb, Your experience confirms what me and friend and family members who invested in NOT experienced previously. In that case, I had an order in for $8.50 for a good number of shares, after a long halt to trading. We were all pleasantly surprised to get our orders filled for about $1.50 of the last share price, and then watch it run up quickly to prices significantly higher than the last trading price. I could not believe it, nor could some of the more experienced traders who got their orders filled, to whom I'd recommended the stock. It was only after reading Rosedale's posts about how the "houses" tried to manipulate the stock price that I became aware of how this happened. Bottom line - a stock is worth what it is worth, not what the manipulated "market movers" try and make you think it is worth.