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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (11382)	7/27/2001 8:41:58 PM
From: MIKE REDDERT	Read Replies (1) \| Respond to of 12623

<As far as I'm concerned you traders can duke it out until you all go broke because you are providing a valuable needed service....liquidity.> Hehe... now that's the pot calling the kettle black... show me a buy and hold investor, in individual securities, with a margin account, and I'll show you someone who is just as adept at "going broke" as the worst trader... come to think of it, I'm not even sure they need a margin account, if ya know what I mean... but that's OK, they provide much needed liquidity to the trader :) I'll agree with you that charts don't show manipulation, although I can see why someone might think that way. At any given time, there are multitudes of traders attempting to push and pull on their positions. Occasions when those actions create apparent chart aberrations are more a factor of "group think", spawned by some anticipated event, than any nefarious action... IOW, everyone happens to be leaning in the same direction. On all other occasions, the "manipulators" risk getting their ears pinned back, and naturally this shows nothing on a chart... only on their balance sheets. But in either event, they are trying to work (manipulate) their position. Tis always so. I've come to the conclusion that you will never convince most people that there isn't some deep conspiracy to control prices. It is futile. Even the self-anointed "professionals", the participants in these daytrader chatrooms, don't really understand that they are competing against one another... they post their trades, and when they don't, they divulge their positions by their loose talk. Any adverse price action is the fault of some Market Maker... certainly not their best "chatroom" buddy who might be on the other side of the trade. Mike