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

To: Voltaire who wrote (83536)	12/3/1998 1:59:00 PM
From: StockJock-e	Respond to of 176387

DOW 8700-8800 would be perfect, they like it when when the DOW bounces off the 200DMA.

To: Voltaire who wrote (83536)	12/3/1998 3:28:00 PM
From: BGR	Read Replies (1) \| Respond to of 176387

Voltaire, Let's formalize CTC's challenge by assuming a simple model with two groups, all MMs in collusion (MM) and everybody else (EE) where the EE group doesn't make any buying or selling decisions based solely on market manipulation by the MM group. I know that this is untrue in real life, but I will come to that later. In that scenario, please explain how the MM group can make money by manipulating equity prices. My contention is that one particular MM may profit at the expense of another, but the total profit is exactly zero for the entire group. I acknowledge that in reality the EE group panics and the MM group profits from that. But that is based solely on a weakness of the former based on perceived - and not material - strength on part of the later. IMHO, posts like yours only serve to spread this perception, even if you have the best intentions. -Apratim.

To: Voltaire who wrote (83536)	12/3/1998 3:44:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 176387

Voltaire, you suggested that I agree that it takes a concerted effort on their part but with houses holding 30 or 40 million shares of certain stocks such as Dell, it is not difficult to conceive. Now, so far as I know there is only one way to bring down the price of large cap stocks: sell a lot of them. How do you do that and make money at it? Second, just think about the consequences of what you are saying. At a minimum these houses would need to control huge amounts of of the nifty fifty in inventory, plus a bunch of large cap stocks like CSCO, DELL, INTC, and MSFT. LTC in playing a single hedged position (the failed TLAB/CIEN merger) lost billions. How do you imagine that outfits like GSCO can successfully collude to attempt to control the entire market? It just doesn't make sense. TTFN, CTC