Specialist manipulation: amount of impact the news will have..

O

Option Trader

I strongly believe the price impact of news as determined by the specialist/MM depends on their position in the stock, whether long or short. I believe the specialist holds a big short position in DRL. DRL just made some added statement about concern of refinancing, which was already a major reason for the stock's recent big weakness in price. Today, the specialist unilaterally determined for the stock to open about an additional 13% down.
 
agreed as well...i'm watching a few stocks that seem to be getting bought up on their overextended dips...interesting for sure.
 
Quote from Option Trader:

How do these guys get away with it?
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That's Wall Street. Same as how does Goldman get away being on both sides of the NYSE/ARCA deal, all while having a position in both.
 
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