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

To: Robert Graham who wrote (11107)	6/22/1998 12:49:00 PM
From: Stewart Elliot	Read Replies (2) \| Respond to of 14631

Ok. My last post on this subject. - most of the spread manipulation happened on thinly traded stocks. - you're pointing to dated material. there has been a huge crackdown on the spread manipulation, and although it certainly still exists at some level, the MMs are being watched very closely. Literally every time the stock goes up against your predictions of it going down, you attribute it to this "very smart" MM. It might work once, maybe twice (sort of like currency intervention on the part of Japan/US). But if he continually tried to drive up the price of the stock against market forces (and 40 other MMs), he would likely get burned. And your claim that it's done to sucker a bunch of speculators is particularly far fetched. I'm sorry your most recent covered calls are not doing so well, but at some point, the MM story gets old. Please, don't bother with any more pedantic responses.