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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: Magrathea who wrote (184304)	1/19/2006 10:05:57 AM
From: rupert1	Respond to of 275872

Margrathea To allow that is an open door to all types of manipulation. Ok how about this theory - the same guy you are quoting in other posts about a potential "fade-off". He claims to have been a market trader: Re: optimist4737 by: optimist4737 01/19/06 12:53 am Msg: 1307032 of 1307633 I was on PSE options pit primary AMD Market maker.. not familiar with this instance. Sometimes a block will go up late right through all bids ie stock is 33.25-33.5 and after the close a block goes up late at 31.5 next trad late is 33..so it shows a 33 close or the 33 print is out of sequence and it really closed 31.5. One has to check time and sales to see what exactly happened to properly answer the question but late block do happen all the time on expiration usually by huge Money mgrs trying to square their positions..that is why you should always have a "crazy bid" or "crazy offer " in the book (away bids and offers) market on close type of offer. ie stock 33.25-33.5 Order:buy 10000 32.75 MOC buy 10000 32 MOC if you have room to buy in your backspreaded deltas (get shorter on the way down). Sell 10000 34.25 MOC Sell 10000 35 MOC. That will make sure you are filled on the print if it trades there in size. I think you will find that the print did happen in this particular case and the time and sales will show this to be true.. very little manipulation its more of a squaring off of big traders position type of thing. Exchanges get inquired about trades all the time so bad trades don't happen very often. But that being said is only true of the NYSE..on the nasdaq bad trades used to happen al the time of the manipulation type and out of sequence type with very litle close scrutiny..nasdaq is a very sleazy market and that is the opinion of just about anyone who trades with them professionally..we all think they are not bound by the same rules and oversightas we were. Again Nasdaq are scumbags thats for sure...no doubt about it