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To: TigerLikesRooster
That one account is solely responsible for the current level of the S&P. They are the ones that are throwing the S&P up overnight. They just absorb the entire market and then push the price wherever they want it to go.’

Sure, one firm able to absorb an entire market, one that is worth trillions of dollars. Pluh-eese.

12 posted on 06/29/2004 7:50:26 AM PDT by governsleastgovernsbest
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To: governsleastgovernsbest
Sure, one firm able to absorb an entire market, one that is worth trillions of dollars. Pluh-eese.

It's not the "whole market", it's the S&P e-mini's and with the volume and alleged self selling it's entirely possible because the index is watched by others to infer movement. Leverage is the key.

Personally, I think the naked shorting scandal is going to eclipse this, this guy will get buried eventually and lose his ass.

Naked Shorting Series

16 posted on 06/29/2004 8:00:58 AM PDT by Axenolith
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