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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: Apakhabar who wrote (9024)6/18/2000 11:06:00 PM
From: OZ  Respond to of 18137
 
I like that post. Particularly 4-7.

OZ



To: Apakhabar who wrote (9024)6/19/2000 4:07:00 AM
From: E. Davies  Respond to of 18137
 
Manipulation is akin to "bluffing" in poker.

You are assuming manipulation through placement of "false" orders trying to build a panic.

There is another kind of "manipulation" (though one can never prove the intent behind the action) which I call "crushing the momentum". The primary way it happens is when a powerful force simply draws a line and sells/shorts to all buyers. Usually the momentum crowd will wisely give up the battle and create a selling panic for the "manipulator" to cover into.

Note that I apply no moral censure to this "manipulation". If someone has the power and the determination to drive a stock to whatever price he desires there is no reason to say he should not. No point in being angry about it- best thing to do is to stay on the side of the guy driving the stock (or better yet just stay away altogether).

There is a form of manipulation that makes me mad though. Its when a MM will leave an order and then refuse to fill more than his minimum 100 shares every 5-7 seconds. This game playing can also do a marvelous job of shunting the momentum and should be illegal. I'm very much looking forward to supersoes when this kind of garbage doesnt happen any more.

Eric