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To: Monty Lenard who wrote (94022)	4/13/2001 10:54:15 PM
From: GraceZ	Respond to of 436258

I said: People try to manipulate the market, but are they successful, this is up to debate. You give me an example of Abby calling the bottom so many times points higher. This is your example of someone trying to manipulate the market? If that is the case it is an example of someone trying to manipulate the market and being highly unsuccessful. If she had been successful talking the market up it would have rose, right? Maybe what you meant to say is that she was trying to manipulate individuals to buy stocks that others were selling. Absolutely, it's the oldest game on the street. Over and over we see situations where the institutions are selling and the individuals are buying and visa versa. That happens on both the upside and the downside. Right after many of those market bottom calls Abby was making the individuals were selling to institutions not buying from them. I know this because we track money flows by order size on any number of stocks. The institutions got burned numerous times trying to pick a bottom right along with Joe six pack. I find, for the most part, you don't have to manipulate individuals to double up a losing position or average down. It's the first reaction people have to a losing position, even fairly sophisticated traders will do this even when they know it is a dumb practice. My original comment referred to price spikes and movements that traders like to assign to some sort of direct market manipulation. Like a price movement at the end of the day or a gap up. These kinds of things. Not the broader selling of stocks that goes on. Way back when I had a full service broker I used to look in the mirror before I'd take advice from them and say, "My broker is a sales person, my broker is a sales person." Anyone who doesn't realize this should be in mutual funds or CDs.