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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (48370)	12/30/1999 7:20:00 PM
From: KeepItSimple	Respond to of 122087

>I hear the NASD has launched an investigation into trade painting at >Day trading firms Anthony, where have you been for the last 3 years? The entire Nasdaq is the most manipulated market the world has ever seen. Practically every market maker in every technology stock would be convicted of criminal racketeering if not for the fact that so many people have been making so much money. Little things like breaking the law tend to be ignored in a mania. Do you even understand how a stock's price is set? Do you think there is some mathematical formula that says for every 1000 shares it should go up an 1/8th, or only follow matched orders? No. They pull the numbers out of their ass, and see if it flies. With the average internet stock, opening it up 20 points on 100 shares volume is PERFECTLY LEGAL. They do it because they know such tricks attract momentum daytraders who will then pile in and provide real volume. When this mania ends, people will go to jail. Without question. I suspect the entire Nasdaq market maker system will be abolished in favor of a direct matching system where every bid and ask is visible, and middlemen are taken out of the equation altogether.