Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (21679)	4/14/1999 8:41:00 AM
From: Bill Hermesmann	Read Replies (1) \| Respond to of 25960

Jay, Interesting post, this IS a brave new world. Perhaps I should have said NASDQ used to be a less desirable floor. I always though a retail trader who tried to buy at the bid and sell at the asked was not really a trader and not very successful besides. I imagine the totally efficient market goal is to eliminate the spread completely which would solve the problem.

To: orkrious who wrote (21679)	4/14/1999 8:49:00 AM
From: Mark Ivan	Read Replies (1) \| Respond to of 25960

OT Jay, I am not in disagreement with what you say. My point was that on the NYSE, you order has precedence over every order placed AFTER it at the same price. The Specialist HAS to fill your order, if it is marketable (either a market order, or your limit hits and becomes a market order). He cannot move any orders ahead of you, even his own! Different animal on the NASDAQ where MM's can shove orders for themselves ahead of you, and you may never get filled. My point is, you have a much better chance of getting filled on the NYSE than the NASDAQ (all things considered). >> (NASDAQ) ...and it is the only place you can buy at the bid and sell at the ask. Not sure what you mean by this. The NYSE quotes a psuedo bid/ask. Place a market order and you will get it at that price. >>The one way MMs can manipulate a stock (this only happens on small, thinly traded stocks) is to trade among themselves, making it appear the price is rising, sucking in buyers. Then they lower their bid/asks quickly. However, I think that this is uncommon, it never happens with the larger stocks, and all of the market maker conspiracy theories I read on SI are BS. Why would you say that conspiracy theories ar BS when you just stated yourself that MMs can manipulate stock. I do agree that thinly traded stock are easier to manipulate. I don't believe the likes of INTC are manipulated. Cymer...I'm not so sure. Regards, Mark