I'm still digesting what I read yesterday. I'm reading some weird words. We are told that someone from Russia, represents a group with very deep pockets, phrases like "embedded long" are dropped, and we are assured that this guy can do what he says.
The mm's are making market, I don't think they are suppose to be taking a position in the securities they trade, beyond what is needed to sevice their accounts.
But this guy suggests he can bring enough money to the table to siphon-up every available share, walk the price up, demand physical delivery of our company shares offshore, and in essence destroy our market.
I like making money just like the next guy, but this kind of power bothers me a little. I like regular markets. Believe me Cool's charts will stop working if there is no market to analyze. If the IMF walked up and bagan to buy up every share in sight would that not bother some on this board. It doesn't taste or feel right. I'm more than happy to wait for the news.
If I have enough money to buy up all the float and then some because people are shorting, I can walk the market up to whereever I please because I am the only source for shares. The shorts buys at my price and physically re-deliver the very stock I just sold them.
An "embedded long" offshore seems a little sinister. And just to top it all off, the suggestion is made that Russia wants to control the Belizean oil fields? It is all a little too weird. Oiljob
P.S.: I only get one post per day so don't expect me to engage you in any thought provoking discussion.
AI
