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Re: spongebob39 post# 135282

Thursday, 10/26/2006 6:47:58 PM

Thursday, October 26, 2006 6:47:58 PM

Post# of 311080
"(I do understand that during a given day or two, the MM's can be short shares during a big run up, so they will try to bring the price down to cover their short position and I think that is reasonable. But to go beyond a very short period of time of selling shares that are no borrowed from DTCC, brokers, or whomever, is stealing in my book. What say you? aimo"

Sorry spongebob, although this is indeed common practice, it is absolutely not reasonable at all. This is purely price manipulation. The price should be what the forces of supply and demand make it and not by (even if it is for a couple of days) pressing the price.

just to check if the above is for the amusement of the writer and should only be considered as useless drivel

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