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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: If only I'd held who wrote (92817)	4/4/2000 4:19:00 PM
From: John F.	Read Replies (2) \| Respond to of 108040

Anyone else here think market manipulation was partly responsible for todays crash? I would be interested in additional thoughts on this subject. Anyone else think that big firms like GS and ML were behind much of the drop? What role might the market makers have played in the drop? Anyone figure Margin Calls were more responsible and at the heart of the capitulation?

To: If only I'd held who wrote (92817)	4/4/2000 9:25:00 PM
From: hjz	Read Replies (1) \| Respond to of 108040

There has been talk of market manipulation on the board today because of the swings of the market today. I think some traders are actually on to something with this idea. I think that the hedge funds are largely responsible for the swings in the market. A hedge fund buys and sells large blocks of stocks in progressive order and when traders spot that they will join in on the momentum either up or down. That is exactly what happened today, the hedge funds sold short near the open and then bought back after the mid day sell off. The best ones probably then went long in the stocks and made the money both ways. Computer trading has allowed these firms to be incredibly quick because in the past the hedge funds would never trade so quickly. So, most traders are in dilemma, you can do all the homework and charting on a stock and just when you think you have a great entry point and you buy the stock, a hedge fund can start a sell program and you are in trouble. No matter what you do that stock is at the mercy of a hedge fund and that is because they are playing with other peoples money. I hope some of you didn't get caught in their traps in the last couple of days but as you can see alot of stocks ended almost right where they started today, the only difference is that now the hedge funds own them instead of individual investors. Welcome to the new Wall Street or should I call it HEDGE STREET. Good luck to all. HJ