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Non-Tech : Any info about Iomega (IOM)?
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To: Andy Chen who wrote (9747)10/22/1996 9:02:00 PM
From: NoName   of 58324
 
IOMG and for the market in general: This is how the market is rigged.
In summary, theres only a few things to rules to play by:

The speicalist and MM lower prices to ammulate and raise price to sell. Their order flows and "books" (buy orders, sell orders, short sales, etc..) tell them which way to direct a stock so they can maximize THEIR profits and thus screwing the public.

(1) don't listen to your broker because either they are just as ignorant as their client is about a stock or they are on the side of the Speicialist or MM (I say the broker only because they work for big firms. And these firms pay the specialist to unload or gather stock for them.)

(2) listen to the media, but do the opposite of what they say. For instance, if there is "bad" news (such as, "earnings", survivial of the company, or just mentioning the fact that the stock is down) that is an indication that the Specialist or MM wants people to sell and keep out of the stock. Obviously this will benefit themselves because they can accumlate shares at low prices as people sell theirs due to fear of what they hear. Ex. NSCP (Fortune mag. article) IOMG (WSJ article about how IOMG was most likely to go down along with a couple of other tech stocks.) On the other hand if there is good news, the specialist or MM's is trying to unload or short sale their shares as investors get excited and buy the stock

(3) look at the volume of the stock, especially at big gains or dips. The opposite is true of common belief. When you see high volume on big gains that means the specialist and MM's are unloading and soon to decline. It is and indirect indication of demand! I mean as with IOMG news and the rising price creates demand and not demand that creates the rising price. However, huge volume on the dips is a bullish sign because it indicates accumulation by the speicialist and MM's.

If you're long term on a stock then all you have to worry about is if the company is going bankrupt. And you'll know if they are if all you here is good news during a run-up and good news still while it declines.
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