Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sarmad Y. Hermiz who wrote (14351)	4/14/2005 10:45:25 PM
From: The Ox	Read Replies (1) \| Respond to of 25522

>>The NYSE specialist indictments seemed so petty.<< You are kidding, right? The specialist's job is to insure the trades are done properly and by the book. For them to deviate from this responsibility undermines the entire system. If they were front running, even for pennies, they were breaking down the system. How many other transgressions were being done that we have little or no evidence of? What makes you think that pennies were their only game? My first reaction is, like the mass murderer Al Capone, who was 'only' put in jail for tax evasion, the "pennies front running" was the 'only' way to insure they got convictions on these scumbags. I see these chumps like policemen who get convicted of theft or drugs. They are hired and paid to stop crime. Instead, they took advantage of their 'easy' situation. They should have the book thrown at them.

To: Sarmad Y. Hermiz who wrote (14351)	4/14/2005 11:33:19 PM
From: BWAC	Read Replies (1) \| Respond to of 25522

<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.> 90% might be high, but 60% would be a safe number to assume. On certain news event days like AAPL mania today 90%, or on IBM tomorrow I'd fully agree to 90%. And the same process is at work when prices rise too. You've seen what happens when you get 3,000+ shares or so in the middle of a computer ping pong contest. Mr. Algo Rithm adjusts immediately upon your unfilled order.