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 : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: Voltaire who wrote (42316)9/23/1999 1:59:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
totally agree on big houses and their awesome power to move stocks

imagine you buy a stock... nobody cares, bid/ask rarely shifts

imagine you and 50,000 of your closest friends buy one stock
you must coordinate your purchases in piecemeal rotation fashion
all by yourselves, you move the stock price
you see this with newsletter authors recommendations of a smallcap

the big houses move the stock because they can BECOME the market for that stock

"the good old days" are gone though, where big houses would distribute their appreciated stock to retail accounts at high prices, then downgrade, watch them drop, blame it on the market, and finally buy them back from retail accounts after the poor retail shareholders sell while depressed at the low value

the internet changed much of that deceptive cycle, not completely... internet brokers, internet information

I like how you charge up this thread with experienced views, VoltageMan

/ jim willie