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To: Pluvia who wrote (788)7/5/2000 8:41:49 PM
From: Phil(bullrider)  Respond to of 1766
 
Steve,

Concerning MMs and maniping, would not the fact that MMs and Specialists can trade stocks in their own private accounts explain some volatility?

IOW, since they know from the orders where the market for an equity is headed, short term, at least, they can short and cover ahead of the market at will.

IMHO, it's like a license to steal.

It would at least explain some of the short term volatility.

Thoughts?

Have fun,
Phil



To: Pluvia who wrote (788)7/6/2000 8:54:59 AM
From: Smartypts  Read Replies (2) | Respond to of 1766
 
Great info guys Thanks. Heading out for a week with my girlfriends to the gorgeous Adirondack Mts where the sky’s so blue and the air so pure for some Windsurfing, water-skiing and R & R. Stay safe, Stay Happy and Stay OUT of KEI!!!!!!!



To: Pluvia who wrote (788)7/6/2000 9:05:54 PM
From: Redmond Quain  Read Replies (1) | Respond to of 1766
 
<<Many of the manips I see are tight float with buying being directed to the MM who is running the manip so he does not have to carry the entire weight of what's thrown at him on the bid.>>

How do you define a <<tight float>>? I know what a float is and I imagine a tight float is a small float in relation to some number of days volume but what parameters do you use?