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Strategies & Market Trends : Tech Stock Options

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To: j g cordes who wrote (27665)11/2/1997 2:18:00 AM
From: AlienTech  Read Replies (2) of 58727
 
JG there is a lot of market manipulation going on in the market. There is not a damn thing you can do about it. Just like there is a lot of politics going on in politics. When the big boys fight we might hear some stories etc but I dont think you and me count in that.
The only reason we even know about some of this is cause of forums like SI. A few years ago we would all be blind and as dumb as can be. The big brokers now even want to ban Level-2 quotes so we cant even see the little bit of open market stuff they do and there isnt much going on in the open market. Another thing is options are not stock, company insiders are allowed to trade them as they wish, eg ADSK just before they released their V7 (I think) upgrade has a lot of call activity by everyone including top management and it was public knowledge as well.. They openly said they would blow away estimates etc.. Companies manipulating their own stocks is not any different than institutions manipulating a companies stock. Once you understand the game theres a lot of money to be made. Eg take a look at PSFT and BMCS with high institutional ownership, even the big boys have a hard time tanking and keeping those 2 companies down.. They support the stock price as long as the company looks good to the public. Unlike companies like CYMI which pissed off a few analyists and now trade at a 50% discount cause of it, fundamentals has nothing whatsover to do with it.
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