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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.95

+0.3%

Dec 1 3:59 PM EST

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To: zTrader_77 who wrote (2100)	3/10/1998 4:02:00 PM
From: Oeconomicus	Read Replies (2) of 164684

Kirby, you are right. The NAZ game is rigged (and I've felt this way much longer than I've been bearish on any stock). As an investor, you are trading against a market maker who has more information than you. He holds the order book, knows where the limit orders and buy and sell stops are sitting, and can use that information against you. Alex, this is not sour grapes. This is the argument the NYSE has been making for years, an argument that I'm sure was part of the reasoning of every company that moved from the NAZ to the Big Board in the last fifteen years. If you think they can't move a stock up regardless of demand to trip buy stops (or down to trip sell stops), you are a bit naive. And, your argument that if we don't like the rules we shouldn't play the game is ridiculous. This is not a casino; it is a public capital market which is supposed to be covered by laws ensuring a level playing field so that people will feel that they can invest with the knowledge that while they may be taking risks, the game isn't rigged. All IMO of course. Bob

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