Konrad, go ahead and ask you broker (I hope you understend that you trade with your broker only, nah, perhaps not) to give you "artificial price" AND "true value of this stock".
<<the nasdaq requires
trades to take place at the highest available bid, and the lowest available ask.>>
This is not true.
<<it has nothing to do with artificially keeping prices high>>
As an example, you know (or, you should know) that there are trading halts only for large down moves, not for large up moves.
<<furthermore, market makers' own inventory in a stock is
always hedged to be delta-neutral, so they really don't care whether the stock price of their inventory goes up or
down.>>
It is not true.
<<you are the one with a heavier burden of proof. people claiming that the markets are rigged are a dime a dozen.>>
I don't claim "markets are rigged", I do claim "konrad andrew siewerski does not understand how markets work, all he knows are trivial examples from Eco 101".
And, FYI, I have no burden, I'm not your mother. Take your mouse, get a search engine, find NYSE, NASD, SEC sites and read through them. Go to the library, read some books. Talk to experienced people.
Joe |
