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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Charles R who wrote (105786)	4/15/2000 4:57:00 AM
From: Joe NYC	Read Replies (1) \| Respond to of 1572211

Chuck, The two techniques that I have seen being used that are pretty effective: 1) indicate that there is a large block for sale when there is no real intention to sell (one can see this pretty clearly on RTQ and I-watch all the time) How do you see it on RTQ? And what's stopping you from applying appropriate amount of scepticism to anything you see on I-watch? 2) manipulate the bid/ask with limit orders to make it appear that there is downward pressure on stock. Showing a downtick a trade or two after a block is purchased, for example. But how do you stop the stock from going up if there is a large order going through? If a large block buy doesn't make the the stock go up, how do make the stock to actually go down, without selling stock? You would need the sellers magically appear when you are buying, and then, when you want to manipulate the stock down, the buyers would have to disappear, so that you can show a downtick. Maybe what you are describing was the old way of doing things on Nasdaq, with market makers, and all that. It was obviously a corrupt system, and every time you participated, you got ripped off a little bit by the system. But a lot of the orders <= 1,000 shares are handled electronically, and if you place your limit order, your order is as good as anybody else's order. When there is virtually no movement of stock on a very large volume (like the 11M shares that AMD traded yesterday morning) I can't see how it is not being manipulated. Could it be that you want to see manipulation, and whatever you happens is just further evidence of manipulation. Consider this: * stock trades lower in the morning, then rallies and keeps going up - You would say: see, it was manipulated. The "big boys" all loaded up at low prices. * stock trades higher in the morning, later tanks, and keeps going down - see, the "big boys" manipulated the stock in order to sell high * there is virtually no movement of stock on a very large volume - I can't see how it is not being manipulated. I hope you could come up with something more objective. What you are saying is all vry subjective: You feel that way because you feel that way, and you can't see why everyone else doesn't see it the same way. Joe