Bid /Ask Spreads - Market Manipulation Message Board

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Non-Tech : Bid /Ask Spreads - Market Manipulation

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To: Jeff Dryer who wrote ()	8/15/1996 1:09:00 PM
From: Stoctrash	of 308

CNBC had a transcript today that spelled out collusion among market makers. It was a recording that the SEC had done while taping MM phones and was very ovbious. Should this have really surprised everyone??? Every try to bid for a stock an no sooner than you place the order, the market moves a 1/8 or 1/4?? (when they see your bid coming.) So i suppose the specalists on the NY never "work it"?? Not saying its right,... but this is something that's been known for quite a while. What will be done?? We already know the little guys like most of us at SI are $$$ for it. fz

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