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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Ken Beal who wrote (73025)	10/20/1998 8:39:00 AM
From: MichaelW	Read Replies (1) \| Respond to of 176387

Re: If anyone out there knows how stocks might be manipulated I've heard of brokage firms controlling some IPO's. These IPO's are thinly traded, unknown smallcap companies. These brokers cold call clients promising big profits, but most times these stocks are only churning mechinizisms for the brokers. A good place to learn about this stuff is here: stockdetective.com

To: Ken Beal who wrote (73025)	10/20/1998 11:20:00 AM
From: SecularBull	Respond to of 176387

Ken, MMs set the bid and ask price, do they not? It is possible for them to inflate the order sheet with bogus bids and asks to give the impression of upward or downward pressure, and then let real orders get filled to reinforce the levels. I don't think it's as automated as some would like to believe. I'm not a conspiracy theorist. I just think we all have to be cognizant of the various factors in the markets. Regards, LoD

To: Ken Beal who wrote (73025)	10/20/1998 1:42:00 PM
From: Chuzzlewit	Respond to of 176387

Hi Ken, You are echoing the questions I raised earlier, but I think some distinctions need to be created. The most important is the size of the average daily volume and the number of market makers involved in a particular stock. When the capitalization is small, and there are few MMs, there is good, direct and documented evidence of price manipulation. This was the subject of several lengthy lawsuits by the SEC and has been recounted in any number of magazine articles. BUT, that is a far cry from manipulating heavily traded large cap stocks. All I have seen are claims that it could be done, but no objective proof. I think it comes back to the observation I made some time ago: it is another example of "common knowledge" in the words of HL Mencken. Actually, my questioning of the assumption that stock prices are manipulated to maximize the profit of market makers on options transactions was broken down into two parts: first, assuming they could manipulate the prices, how could they accomplish this feat profitably? The second question, of course, would be how, mechanically, could they manipulate the price of a large cap stock like Dell? To date, nobody has provided concrete answers, although I have received several assurances that it could be done. It seems like it is a matter of faith among many investors. But I'm from Missouri (even though I really live in Washington). TTFN, CTC

To: Ken Beal who wrote (73025)	10/20/1998 1:50:00 PM
From: Eddie Kim	Respond to of 176387

Remember that a least on the NYSE the Specielists and every body else on the floor has the Order Book. they don't need faster trading, because they already know in advance the orders that are in place. Example: Lets say there is a 100,000 buy order for CPQ at $25. Everybody on the floor (and thus all the big boys) know this. We small investors don't know this so when CPQ gets near $25 we panic and sell. The big boys laugh because they know this stock will have STRONG support at $25.