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Strategies & Market Trends : ZenWarrior's Trading Paradise -- Ignore unavailable to you. Want to Upgrade?

To: manfmnantucket who wrote (360)	4/4/2001 6:06:33 PM
From: p40warhawk	Read Replies (1) \| Respond to of 2462

Mfn I don't think your analogy with the baseball cards stands up to a stock market situation. I don't believe you can buy a stock from or sell a stock to Zen or me. You, and we, have to deal with the market maker (who would be Topps in your example). He determines what the Nomar card is worth, not you, Zen, or me. Of course our buy and sell actions will influence him, but we don't decide what we will pay for the card. We decide IF we will pay what the market maker demands. The "moral" factor comes into play when you sell Zen the card for 8 dollars when you have good reason to believe it is not worth that much. It's the reverse of buying someone's land cheaply when you know, and he doesn't, that the land has oil under it. "Moral" and "legal" are not always the same thing. I think the real problem here is that too many folks are saying, "To Helll with morality, I'm here to make money. Bring on that money, Man." Best, p40warhawk