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Pastimes : Sound Off - Speak Your Mind -- Ignore unavailable to you. Want to Upgrade?

To: LPS5 who wrote (274)	1/21/2001 1:41:23 PM
From: HairBall	Read Replies (1) \| Respond to of 595

LPS5: I am beginning to think you are just another SI mental, SI does have a few. I suspect if you really are in the securities business it has not been for long. But, if he was to say - as I never have seen him say - something to the effect that "ABCD (a large securities dealer) - currently trading stock XYZ - is manipulating the market," I would similarly challenge that assertion for the same reasons I say that you - and you, additionally not currently and never having been a professional - have no idea what you're talking about. Because there are far too many parts of the machine in motion that cannot be seen to represent that sort of statement as a fact. I find it hard to believe you have read much of what Anthony has had to say. I once posted a post with several links to posts made by Tony on SI where he refers to the manipulation that occurs on the NASDAQ exchange and he even described some of what MMs do. If you bothered to look at his profile you would see the statement under interest and hobbies you would see this statement: "My Greatest Interest on WallStreet is to see the NASD Dissolved & The SEC Tripled in size." It was not very hard to put in proper perspective your knowledge base regarding your above statement that as have I, Tony asserted that a large securities dealer has/is manipulating a stock you..."would similarly challenge that assertion". Please see below: -------------------------- In a high-profile case that first drew big media headlines last February, a New York brokerage firm and a ring of eight brokers on the floor of the New York Stock Exchange were charged with perpetrating a scheme in which they made over $11.1 million in illegal profits and at the same time covered their tracks with an elaborate fraud. Floor brokers generally are not allowed to trade for their own accounts because their first-line knowledge of what is happening on the market gives them an unfair advantage over the public. Enforcement authorities allege that these brokers colluded with the brokerage firm to buy and sell for the firm's account, with the owners of the firm falsifying the records after the fact to make it seem as if it was the firm that placed the orders. The brokers received 70% of the profits; the brokerage, 30. According to press reports, it was the first time federal prosecutors ever brought charges against anyone executing trades on the actual floor of the exchange. Later, in May, the owners of the firm and five of the floor brokers were also charged with "front-running" – buying and selling for their own accounts before executing orders they had from customers for the same securities. Front-running is illegal because when a floor broker trades for his own account first, he may not obtain as favorable a price for his customer. But more seriously, when he receives a large customer order to buy or sell, he knows that the size of the transaction itself may well affect the price of the stock. If he trades for his own account with the benefit of that inside knowledge, he is breaking both the rules of the stock exchange and the federal securities laws. sec.gov The report was prepared by Robert W. Lowry whose experience includes more than 28 years with the U.S. Securities and Exchange Commission (SEC), including 23 years with the Division of Market Regulation. Mr. Lowry has conducted investigations into broker dealer trading activities and market manipulation. He has also given expert witness testimony in federal court relating to matters of market manipulation. Lowry's conclusion is that ``the price decline in DynaMotive stock does not reflect the operation of free economic forces of supply and demand.'' The report also indicates that a short selling scheme orchestrated by certain CD holders is the most likely cause for the price decline. It goes on to say that ``the NASDAQ trading volume reflects either pre-arranged or circular trading by market makers...and...that a pattern of this type of trading is consistent with market manipulation.'' theautochannel.com. But, if he was to say - as I never have seen him say - something to the effect that "ABCD (a large securities dealer) - currently trading stock XYZ - is manipulating the market," I would similarly challenge that assertion for the same reasons I say that you - and you, additionally not currently and never having been a professional - have no idea what you're talking about. Because there are far too many parts of the machine in motion that cannot be seen to represent that sort of statement as a fact. CUSTOMERS OF A.R. BARON & COMPANY SUE BEAR, STEARNS & COMPANY, INC. FOR STOCK MANIPULATION. glrs.com --------------------- LPS5 enough already, you are scoring no points. Go find someone else to spar with, you are not worth my time! Regards, LG

To: LPS5 who wrote (274)	1/21/2001 3:57:59 PM
From: eichler	Read Replies (1) \| Respond to of 595

LPS5 You seem to be berating LG for not answering your question of "how to think like a criminal" to your satisfaction. I have been participating on this thread for only about a year, but I have read enough of LG's posts to know what he means and to know he has explained numerously, over time, what he means. For not answering your question to your satisfaction, you call him a "coward" and "fool". First off, why don't you do your own homework and read back through the thread to see the many posts which explain your question. Second, LG makes it pretty clear on the header and his advisement to you to keep it civil. You're powers of understanding very simple guidelines are not impressive. Futhermore, it is clear you have an agenda of your own in defending the MM's and the whole of Wall Street. It seems you have modified your contention from there is no manipulation, to there is no grand scheme of manipulation - a tacit admission of what you at first rejected. It is you who appears inconsistent. I would add your own "don't you think", but it is clear this is not applicable to you. LG never claimed a Grand Conspiracy, so quit putting your words into the mouths of others. In short, I think the many readers and supporters of this thread are pretty sharp, sharp enough to dismiss your humorous attempt to convince us all everything is hunky-dory over there in scam-land. Save your weak arguments for the weak-minded. May I suggest to you the Clown Thread. Best of Luck to you and your delusions. BTW - are you AHHAHA with a new alias??You and he share the same delightful personality. No regards, Eichler P.S. Don't bother responding, I heard enuf o U...