I'll answere all you questions Allen.
1. <<What do the MM's do if there isn't anyone buying at the price they want to set for a stock?>>
That is why they publicize the stock going up, that is if there is no news from the company to time it with. Or they will get some firm or anaylst to say positive comments about the stock.
2. <<What if nobody's selling at the price they want to buy at?>>MM's and specialist will drop the price and release bad news about the stock, believe me its enough to get people to sell if they go far enough down.
3.<<If "earnings are just a tool to manipulate prices," how do MM's manipulate the earnings? If they're short on a stock do they simply prevent the company from making a profit? Do they control how much
the companies make?>>
MM's don't control the earnings of the company (don't be ridiculous) they simply use it to their advantage. If earnings are good and they don't want to encounter heavy public buying they will belitte the earnings like they did with MSFT or better yet they will drop the price on the news.
4.<<If P/E's don't make any difference to stock prices, then why would it matter what the P/E is when IOM is trading on NYSE?>>
It doesn't matter what the P/E is on the NYSE.
5.<<Also, what are the MM's going to do when Iomega moves to the big board? How are they going to make money then?>>
MM's can still make money because they can own it but they lose control of the price, that will be in the hand of the speicialist on the NYSE, so the MM will be taking a chance(unless he has inside info with the speicialist) like ordinary investor. It will then be the specialist who gets to control the price of the stock and they get all the benefits the IOMG MM's used to have.
6.<<Do the MM's control the price of every one of the thousands of issues on all the exchanges? If so, how do they have the time?
Or is it just their few favorite stocks we need to beware of?>>
They only control the stocks they're supposed to control, all you to know is that someone is controlling it. There is a list of the Specialist who control stocks, there probably is for the MM's also.
Finally, I'm glad that Brian is able to think for himself, and not listen to this Allen guy who makes no sense. How do you figure I'm being manipulative? and ridiculous waste of time on this board? IOMG is a stock that is manipulated. If that bothers you maybe you shoud deal with it in some other way than personal attacks. I don't remember any of you're post so YOU must be the waste of time. You narrow minded....it's people like you who piss me off. You won't listen to anything but IOMG is great: "buyers are rising the price", "IOMG has more OEM's" if that is what you want to hear maybe you should start a new thread "IOMEGA IN NEVER-NERVER LAND".
BE YOUR OWN PERSON PEOPLE, I'M TRYING TO INFORM NOT CONVERT. |
