Dave Gore
Date: May 9, 2002 9:50 PM
MANIPULATION ---- Speak Your Mind ----- Help Stop The Criminal Activity.
Many of us have complained about Market Makers and Specialists for years. But what about Hedge Funds or slanted media coverage? What about the rumor of paid "bashers" and "hype artists" on message boards like Yahoo and RagingBull, where one can create unlimited free aliases?
What are your thoughts about May 8th? Does it seem odd that the Market drifted down for weeks on relatively good economic news (i.e. B2B ratio over 1.00 again, Consumer Confidence at 108+, ISM well above 50 indicating growth, no Fed. Rate increase, strong GDP, etc.). Then, suddenly some tech stocks went up 20-30% in one day on only modestly encouraging news from CSCO and QLGC?
Did you see how the options call volume on the QQQ's, CSCO, QLGC and others increased dramatically on May 8th, with some making gains of 1200% overnight?
What proof or strong circumstantial evidence do you have about manipulation? Or do you believe that manipulation is minimal or just a part of the system to be dealt with?
Do you think the small guy is getting fed up and will leave the Market for good unless the fairness improves?
Most importantly, what can we do about it? Is there anyone who might have the desire and power to help improve things?
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POST YOUR THOUGHTS HERE, THEN E-MAIL THEM
---- it will make a difference! We were outraged by Enron and Analysts, and the media covered it.
E-MAIL THESE ORGANIZATIONS AND PEOPLE
1) Your State Senators
senate.gov
2) Mr. Levin's website, head of the Senate Subcommittee dealing with these things:
levin.senate.gov
3) SEC website: sec.gov
4) NASD website: nasd.gov
5) Wall Street Journal: wsj.com
6) CNBC website: cnbc.com
7) Dept. of Justice: doj.gov
Anybody else you can think of...your local newspaper, etc. |
