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To: Anthony@Pacific who wrote (30465)12/18/1998 12:23:00 AM
From: shane hartman  Read Replies (2) | Respond to of 119973
 
>That is absolutely NOT true.as a matter of a fact.Market makers are
>prohibited from talking to one another and discussing any kind of
>strategy to trade a specific stock..for a specific period and
>organize a buying and selling plan..

I didn't say market maker, I said broker. When merrill buys a bunch of stock X for it's clients at 50 and then says strong buy with target of 75 to the public, is that illegal? No.

I realize market makers can't do this. I also realize that investment analysts can't pump a stock if they have an interest and don't disclose it. But aside from that, a group of people (not in these classes) can manipulate a stock, if they have enough money, through coordinated buying and selling action and it is perfectly legal.



To: Anthony@Pacific who wrote (30465)12/18/1998 2:24:00 AM
From: Baker Street  Read Replies (1) | Respond to of 119973
 
State the SEC rule or regulation which prohibits a group of individuals (not MMs) from buying a particular stock at the same time.

If a broker like Merrill gives buy on a stock, and all of its clients rush in to buy, is that an illegal activity? What is the difference if TMex gives a buy and his "clients" rush in to buy?

FYI, the SEC does prohibit MMs from collusion, but we are not talking about MMs here -- merely individual investors. You obviously have learned how to read and write but not how to think.

If you cannot cite the particular SEC rule or regulation, do NOT post bullshit like that on this thread anymore.