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the Jabawokker - Mon, 29 Dec 03 :

I am just making an observation. But it does seem strange to me. For example, say you are an MM, you drop the price 10% and nothing happens - just purchases - but they end up looking like sales - Joe Public might be scared into thinking that the price has dropped and everybody is selling out - when in fact the reverse is true...he may then follow by selling stuff himself...Look at the Evolution Case where, apparently, >100% of the stock in circulation was shorted by the MM !! They are also MM's on this stock... I for one will no longer buy stock where Evolution are a MM.

After all, the recent number of FFA shares sold compared to the price drop is disproportionate. If for example the number of shares bought today was say 500K would the price go back up by the amount it dropped - doubt it..looking at the volume / price history on my PC I can see that there was a period where the slightest purchase would push the price up 0.25p ..day on day ...until it reached a plateau and then continuation of purchases and nothing whatseover ...followed eventually by the reverse - i.e the smallest of sales would hit the price downwards each and every time...even when the overall purchases for the day was clearly greater than the sales.

Call it manipulation or whatever. I can see a time when Joe P gets so fed up with it that they will actually want to know which MM are involved in stocks ..and with the internet things are more transparent today than years ago. Its a learning curve. The MM's want to take us for everything - simple as that.

Good luck.


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