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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (11105)	6/22/1998 11:49:00 AM
From: Stewart Elliot	Read Replies (1) \| Respond to of 14631

I don't have alot of time to respond to your individual points, but the fact is that most of the stock manipulation problems centered on thinly traded stocks. If this "very smart" MM did as you suggested, the other 19-39 would take him to the cleaners. MMs often short or establish positions in a stocks, leading to differences in the buy/ask volume. This happens on NYSE as well as NASDAQ. Because this isn't unusual, your example isn't likely to support your arguments. I'm pretty well filled in on the NASDAQ problems, but to now extrapolate them into some broad conspiracy (especially given the recent crackdown) of ifmx stock price manipulation by this amazing MM seems a bit too incredible for me. Perhaps others buy your story. Something tells me that these ifmx traders read this thread (many securities people do) and have a good laugh ........