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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: LPS5 who wrote (16395)	10/10/2000 7:54:47 AM
From: Wes Stevens	Read Replies (3) \| Respond to of 24256

I think that is the point. You will not find naked short selling listed as it is not illegal for a mm to do it. The question is do they abuse the power. It is supposed to be a tool to create an orderly market. But are the using this tool to manipulate the price of stocks to their advantage when they get caught on the wrong side while trading for the house?? What needs to happen is to ban firms from trading in stocks that they make a market in.

To: LPS5 who wrote (16395)	10/10/2000 9:28:02 AM
From: amadeus	Read Replies (1) \| Respond to of 24256

I was responding to your comment here, which if you believe these kind of market maker activities are not still practiced, then we aren't watching the same level 2. >> That's right. The market should decide, and it does. Contrary to your assertion that the market (either by issue or as a whole) direction is determined by "any one person" who "decide[s]" which direction a stock's price should move in, it's the collective actions of millions of individual traders - all with varying degrees of skill and access; hundreds of private partnerships, hedge funds, and proprietary trading firms; over 400 dealers; 10 ECNs; and one UTP participant that, on NASDAQ, comprise "the market" in a given issue at a given time. <<