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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI)
IFCI 0.06000.0%Jun 7 5:00 PM EST

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To: Charly who wrote (2764)7/9/1999 7:17:00 PM
From: Elroy  Read Replies (4) of 3541
 
Settle down, Beavis, you're liable to bust a gut cheering for IFCI, while MM's control the share price <ggg>.

You reveal a bit about your own understanding (or lack thereof) of how markets work with that paranoid theory. Market makers DO NOT control the price of the stocks they trade in (except, perhaps, a few very illiquid penny stocks). Investors buying and selling shares dictate the price. It's an old theory called supply and demand, not a vast market-wing conspiracy organized to fleece you out of your hard-cheered for cash. I know you won't believe me, but it's true.

Never seen (read) so much excitement about a stock that has wobbled between $6.50 and $9 for the past two years.

Anyway, looking forward to your cheers and enthusiasm as "the big news is coming!!!!", the big "Oppy recommendation is coming!!!", and "this thing is going to take off (meaning what, $9.75??) in the next week or so!!!!!".

Rah! Rah! Rah!!!
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