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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: BWAC who wrote (14348)4/14/2005 10:24:41 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 25522
 
>> What we need is a glance into the trading Algorithms

So are the people who write those programs sworn to secrecy ? Or are they placed in the witness protection program where no one can find them ?

What I really would like to know is whether, as I suspect, 90% of transactions on the tape are fake. Meaning they occur within the same entity. One hand selling to the other hand, which sells it back a penny lower, etc.... Making it seem like there are a lot of sellers competing to dump at lower and lower prices. Thereby drawing in true supply at the lower price, which is used to cover short positions.

The NYSE specialist indictments seemed so petty. Basically getting a penny or two on a few thousand shares a day. That seems so miniscule compared to the hedge fund manipulations.