Re: SPQ manupulation

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SnugTheJoiner

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Re: SPQ manupulation

in response to

SPQ manupulation

posted on Feb 27, 2008 12:27PM

PM ...

Good idea ... but ...

Probably 3+ years ago I lost some stock (100 shares) of ATCO when unexpectedly one afternoon the share price plummeted $5 or so and then popped right up. My shares were gone in a nanosecond.

I noted it, got as much information as possible, and sent off an email to Market Regulation Services (and a VP at BMO). I got an email back saying "Thanks. We will look at your concerns internally. This will be the last email from us on the matter." Honest. I couldn't believe my eyes.

If Market Regulation Services allows Level 3 trading, then effectively we have an unlevel (no pun intended) playing field. Manipulation, or any other such term, is therefore condoned.

Correct me if I'm wrong, didn't Eugene Melnyk of Biovail (and Ottawa Senators) go to court to prove manipulation by some big money guys in NewYork. I can't remember if he got anywhere.

So you have Eugene and you have Snug. One guy a gazillionaire and one guy hoping like heck that SPQ rings up a big one. The gazillionaire might have a chance at proving manipulation; as for Snug, I'm going to take my SPQ shares at $2.50 (eventually) and party big time.