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Bizreader

06/16/10 2:42 PM

#212114 RE: Bizreader #212106

For readers here who are wondering about the Price Per Share reflecting the recent filings, or not.

Remember, this stock is not being traded in a "free market" manner, exactly. The "free agents" are not the stock buyers and sellers like you and me, they are the market makers, companies and their employees that, in our eyes, manipulate the stock price with large and very fast buys and sells to move the price in their desired direction as they execute a profit making strategy.

I'm not a long time stock trader, as in decades, but the eventuality of taking the middle man out of stock trading and allowing a more direct price effect due to any and all buys is not going to happen. Apparently, we must utilize MMs for a number of good reasons. The unfairness happens when they see opportunities where oversight simply doesn't exist and they do things like drop the price temporarily with large buys to pick up stop losses set by unwary investors, or whip saw it way up to get accumulation and attention and then sell off as the money is coming in.
We may very well see this behavior in our WAMUQ PPS between now and the end of the week.

eom