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Technology Stocks : Dell Technologies Inc.

DELL 132.08

-0.8%

Dec 1 3:59 PM EST

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To: Andy Turk who wrote (42462)	5/16/1998 12:22:00 AM
From: S. Chiang	Read Replies (2) of 176387

Re: << I like the conspiracy theory, it sounds interesting. But I have a dumb question: Can someone explain the mechanics of how MMs actually drive the price down or to a certain level? >> It's fairly easy. First, you sell (or buy) a large amount of equity at market and move the stock down (or up) to somewhere around your target price, lets say 90. Then you place a considerably large amount of limit buy and sell orders at 90, so you can keep selling stocks to yourself at 90, and have it closes right there (Big boys don't need to pay commission). Any small orders placed by the little investors like us will be sucked up by the large ones. If you have NASDAQ level II tools, you should be able to see it much more clearly. I've seen this for so many times at options expiration day. Someone on this thread just don't believe MMs have the power to move a stock to a certain point. If most of the MMs have the same target price and do the same trick, the closing price will stop right there, no more no less. Only time will tell who is the kettle and who is the pot, no matter what they mean. LOL!

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