TSXV:AUN.H - Post by User
Comment by
Banman17on Aug 14, 2007 10:50am
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Post# 13241819
RE: this has to be more than just our insider..
RE: this has to be more than just our insider..The guy who has this down to perfection is the Market Maker (MM) himself. Everyone should read Richard Ney's "Stockmarket Jungle" which describes how the market maker has several accounts - including his own. He is supposed to be making a "fair" auction market, but with the temptation of seeing all the orders and stops above and below the market, rest assured that he, himself is the one dumping and rebuying, playing fear into the crowd so that he can fill his account with cheap shares after covering his shorts. He is the one who sets the price as well, not supply or demand. He could open the price where it benefits him the best. The problem is the SEC doesn't do anything - they turn a blind eye and let them get away with murder. I still think this is a great company, but it 's being manipulated by the market maker from what I see. The only way to win as far as I know is to be patient, and buy low.
Banman17