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Pastimes : Can SI Members Really Manipulate Stocks?

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To: Henry Volquardsen who wrote (4)7/30/1998 5:20:00 PM
From: Blue On Black  Read Replies (1) of 461
 
Henry,
I agree with you on this one. I think the same 'mindset' that causes people to try to catch the 'momentum' plays causes them to jump on hype plays. Same thing - one lasts hours or days...the other lasts weeks and, occasionally, months.
The unlimited loss/upside that shorts are alway hit with is a factor. If a a hypester can start a stampede, 2X...3X...is possible. What is possible from the short side? 100% max. There would have to be some major question marks on a company to get over 30%, IMHO.
Theoretically, I suppose that manipulation is possible. In actuality, I am not so sure to what degree that it matters. For every person saying something, another can be found saying something else - it was that way before the Web and it will be that way when the Web evolves to something different.
JMHO,
lee
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