Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bearded One who wrote (4821)	9/1/1997 2:05:00 AM
From: kas1	of 94695

>How true is the assertion that they can essentially keep >the price of a stock up for no money just by trading with >each other? IMHO, that's a hokey conspiracy theory. It is patently illegal to trade non-anonymously (there is some complicated procedure on the SOES system where you have to post your bids/asks before they are put through), and if someone is offering an inflated price for a stock, you are free to sell it to them for that inflated price. One of the interesting things about all the computerized trading systems of which I am aware is that you have to post bid and ask without knowing whether the inquiring party means to buy or sell. Anyone to dispute this?

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