Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: Anthony@Pacific who wrote (52390)	3/4/2000 12:43:00 AM
From: Citidude	Read Replies (1) \| Respond to of 122087

Hey Anthony, I was wondering if you could add to this post you made last March. Message 8317341 This MM stuff has built a pendulum in my mind that swings from a "catch 22 situation" for them all the way to "confusing the more I think about it" for me. In between I'm sure there is reality and manipulation. A good example lately is DCLK. Somebody said in a post a couple weeks ago that GSCO was holding the price up on the day of a DCLK secondary IPO offering they (GSCO) made which was after the FTC investigatory trade-halt. The former would have made many stocks drop like a rock. The combo would have sunk most other stocks into the depths of hell. But it was believed by some this MM kept the price up all day so they themselves wouldn't be burned by their IPO secondary offering of DCLK. Guess what? They kept it at about $90.00 all day on Friday and Tuesday when the market opened, the stock dropped. There were people implying: "Why should they care. They got their money while luring innocent unsuspecting people into believing the stock could probably now hold itself up due to it staying at $90 despite more stock being dumped on the market AND the onslaught of even more bad news" (e.g. more privacy lawsuits). Of course if this was the case, who knows? We never will. Let's not even talk about 2 companies of the same kind that report blow-out earnings (or losses) and one stock rockets while the other plummets. Additionally, let's also forget about the price targets analysts give and whether the stock follows suit or not. It seems to me MMs can raise & lower stock prices at their desired whim, as well as even short with no shares in their possession!!!! If an MM is shorting, then come hell or high water, they're going to drop that price until they (or somebody they have does it for them) cover. Now I agree that with more MMs in a stock, the harder it is for out and outright manipulation. But NOBODY who is a small MM firm ever their right mind is going to go up against a big boy. Somebody like GSCO could crush a multitude of MMs like a bug in one swift blow if they were ever crossed. My biggest question is what keeps or makes an MM from raising/dropping & keeping prices the same, no matter what the demand and/or the volume? Please don't tell me policing, because that's a joke. It seems to me that short of a crime, MMs are pretty free to dictate what we'll buy and sell a stock for no matter what. We're all certainly aware of the settlement of the class action several years ago that supports this statement. Thanks Ma' Man.