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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It? -- Ignore unavailable to you. Want to Upgrade?


To: Dave Gore who wrote (1)5/9/2002 4:19:02 PM
From: JSB  Read Replies (1) | Respond to of 589
 
Sad but true, Dave. Regrettably, big money will
always have the advantage and the playing field will
never be leveled.

I agree with you 100%, but this won't change anymore
than Reg FD changed anything.



To: Dave Gore who wrote (1)5/9/2002 6:00:07 PM
From: jtech  Read Replies (2) | Respond to of 589
 
I think you are complaining to the very people who are controlling the market.
The government owes alot to the hedge firms and brokerages of america.
Think about the aftermath of sept.11-It was nasty but does anyone think the recovery couldnt have been pulled off without a coordinated effort from all the crooked institutions? These sec investigations are just a smokescreen to make everyone feel like the government is doing its job. Isnt a slow slide over the next 5 years better than a sudden drop?
Just trade knowing that your involved with crooks and protect yourself with hedges.
Greenspan tries to manipulate with rates why cant others?
I remember the day before options expiration msft came out with earnings after hours and the stock dropped to @48$ and then the next day before market open a spin was put on that first call was wrong and the stock went to $57.
Just try to be on the right side of the crooks!



To: Dave Gore who wrote (1)5/9/2002 6:10:07 PM
From: GraceZ  Read Replies (1) | Respond to of 589
 
After reading this nonsense all I can say is that its incredibly sad that people have so little understanding of how markets work and why they act the way they do. I've tried my best along with a few others on these threads to educate and inform people about the mechanism behind price. Reading this makes me realize that most of my efforts are in vane, that just like a scientist back in the dark ages, I'm up against the powerful force of "belief". People will cling to their primitive beliefs despite any and all evidence to the contrary.



To: Dave Gore who wrote (1)5/11/2002 8:26:17 AM
From: KM  Read Replies (1) | Respond to of 589
 
I don't have time to read through this whole thread so my apologies if this is already mentioned.

What about the Microsoft earnings report and bogus Merrill "ugrade" the day after (options expiration day of course). Stock goes from 57 to 51.50 AH (I bought it at 51.89 and flipped it at 53 for what I thought was a slamdunk trade in light of the news) only to see it gapping up in the premarket the next day and of course making sure it cleared that 55 strike before deflating in the days afterward.

And then don't even get me started on market makers, being a daytrader. I like to trade thin stocks and I'll sit there on the inside bid as the only bid using REDI or ARCA so theoretically they can't get around me and watch NITE or Herzog (now MLNM) sell to themselves under me.

It's a disgusting rat's nest but in my case, I understand it and just follow along so I can make money. But I feel for the "buy and hold" investor if that species still exists anymore.