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Technology Stocks : Leap Wireless International (LWIN) -- Ignore unavailable to you. Want to Upgrade?

To: verdad who wrote (2559)	11/11/2002 7:47:22 AM
From: Lance Bredvold	Respond to of 2737

I have no idea and spend little time thinking about manipulation of the market. What I do know is that even I could manipulate the price of LWIN when it consists of 50mm shares at $.12 each. Trying to attribute the fluctuations in stock price to some group or institution is dicey in the best of times (IMO). At a time like this when everyone and his brother has the ability to dominate the price of LWIN, trying to guess who is doing what is totally impossible and foolish (again IMO). Since I could theoretically control LWIN through open market purchases of their common stock, there are several million individuals who have the same ability. Most are not aware of the company. But of those who are, apparently no one, including me, is willing to take on the whole basket with obligations to Lucent and Ericy. That observation has frightened me. It is much like the Yahoo type analysis that the "big boys" are doing this or that and they are so bright and have so much money that they must know something you and I don't. Well, I have checked it out and know there are no "big boys" monolithically manipulating the market. But there are all kinds of "little guys" who think there are "big boys" and even they are not buying a large position in LWIN lately (unless one of them has bid the price up to a 5 bagger recently--it would not take a person controlling much money to do so). Lance