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TX_Mike

01/05/08 2:48 PM

#87963 RE: busytrader #87962

It still comes down to perceived value. The MM's will keep the stock right around this value to maximize trades between buyers and sellers. Of course they would prefer to keep it .0001 to .0002 where the spread is 100% and they make tons of money in the deal as compared to 10% spread if .001 to .0011.

I don't think volume is much of a factor. If the perceived value was .001, the price would still be that for the few or many trades that occur at that level. Of course, high volume usually coincides with increasing to a higher share price. But then again it is only because the price that it rises to is the new popular perceived value. Then the sellers come in and balance things out around this new price.

Come on EFGO, make deals on the up-and-up (no more empty promises) so we shareholders can perceive higher value. Until then, we will be very leary of investing at any higher level. Quit blaming other forces and take responsibility for your own actions!!! Thank you!





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snow

01/05/08 3:22 PM

#87967 RE: busytrader #87962

busy

We appratently mean different things by saying that the market is wrong. If a stock price stays at a certain level and there is a rerating and that rerating stays even if there is no new information I claim that the market was wrong before the rerating. Your definition of the market always being right seems circular and of little interest to me.
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uwlungman

01/05/08 7:45 PM

#87986 RE: busytrader #87962

busytrader. How about stock manipulation?
You are talking about an "ideal" situation where share price reacts to market forces. In the pinks, that doesn't occur because market makers control trading and therefore stock price.