Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Jeffrey S. Mitchell who wrote (90961)	2/19/2005 1:43:38 PM
From: The Duke of URL©	Read Replies (1) of 122087

What is really wrong with this picture. The "exchange" under its rules allows certain of its buddies, to "back away' from an offer. You see it every day in the options market. Now, I'm just noodlin here, but does that sound like a fraud on the unsuspecting public part of the market. You see an offer and you put up your acceptance by offering at that price, and later you find out that there was no sale transaction completed? Boy, I don't think there is a business in existence where I couldn't make money by having an undisclosed right to void any sale LATER if I wanted to. That is why it is so hard to understand. It would not be legal in most of the rest of the world. I buy the stock and short the stock. If the stock goes up that day I don't buy what I have already bought. I wait to do the same thing the next day. Which is more illegal? The people who take advantage of this rule or the exchange which allows the rule in the first place. All protected by government regulations. Krimentelies, Mr. Wizard. Let's get a big picture thingy going here. Where is Dicky Grasso, now that we need him? Remember when he said that the exchange should not be open more than 8 hours a day because it was too much work for the brokers? Well, the real reason is how else could you trade those 7 trillion dollars in fund shares after the market closed and the holders of those funds could not. All with the knowledge of the NYSE, all claiming it was legal because it was buried deep somewhere in a two hundred page joinder agreement. Duke, J.

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