SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Seagate Technology
STX 237.49-1.3%Nov 21 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: William Epstein who wrote (6374)12/7/1998 9:06:00 PM
From: chichi  Read Replies (1) of 7841
 
William, I have read some of your posts and it seems you are misunderstanding the role of the specialist. The moving averages are no more controlled by the specialist than by any other institution that is buying and selling the stock. Many of these institutions have just as much capital, if not more, to move the stock. The only difference is that only the specialist knows what orders are on the book. The specialist is there to keep a fair and orderly market, and will move the stock around on a day to day basis in order to do this. For instance, if there is a buyer of 50,000 shares and no sellers, the specialist might run the stock up s quarter or half a point, make the sale and then try to bring it back down to buy the shares back lower. The longer term movements of a stock are a result of funds/institutions taking positions along with the individuals and the general direction of the market, not by the specialist.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News