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To: S. Chiang who wrote (42460)5/15/1998 6:52:00 PM
From: Lucretius  Read Replies (4) | Respond to of 176387
 
too naive? give me a break. That's the kettle calling the pot black. Half the individuals on this board will lose 50% in this stock. You laugh, but judging from the naive attitudes I've seen, that's the way it will go down. Every increasing drop will be explained away as MM manipulation and simple profit taking. All the while you'll buy all the way down. Only when it is too late, will you realize what is happening. By then, it is too late.

No MM drops a stock like DELL dropped today. Face it, DELL got bitch slapped, and it shouldn't be too surprising considering the run up it has had.



To: S. Chiang who wrote (42460)5/15/1998 6:56:00 PM
From: Andy Turk  Read Replies (3) | Respond to of 176387
 
On the power of the MMs...

I like the conspiracy theory, it sounds interesting. But I have a dumb question: Can someone explain the mechanics of how MMs actually drive the price down or to a certain level?