"Even, mostly; but from my experience, I would say that some bird is
playing hooky with Venus Equilateral, Preferred. The common is even
worse."
"Look bad?"
"Not too good. It is more than possible that some guy with money and
the desire might be able to hook a large slice of V.E. Preferred. I
don't think they could get control, but they could garner a plurality
from stock outstanding on the planets. Most of the preferred stuff
is in the possession of the folks out here, you know, but aside from
yourself, Walt, and a couple of dozen of the executive personnel, the
stock is spread pretty thin. The common stock has a lot of itself
running around loose Outside. Look!"
Cartright began to run off the many yards of ticker tape. "Here, some
guy dumped a boatload at Canalopsis, and some other guy glommed on
to a large hunk at New York. The Northern Landing Exchange showed a
bit of irregularity during the couple of hours of tinkering, and the
irregularity was increased because some bright guy took advantage of it
and sold short." He reeled off a few yards and then said: "Next, we
have the opposite tale. Stuff was dumped at Northern Landing, and there
was a wild flurry of bulling at Canalopsis. The Terran Exchange was
just flopping up and down in a general upheaval, with the boys selling
at the top and buying at the bottom. That makes money, you know,
and if you can make the market tick your way--I mean control enough
stuff--your purchases at the bottom send the market up a few points
and then you dump it, and it drops again. It wouldn't take more than
a point or two to make a guy rich, if you had enough stock and could
continue to make the market vacillate."
"That's so," agreed Don. "Look, Bill, why don't we set one of our
Terran agents to tinkering too? Get one of our best men to try to
outguess the market. As long as it is being done systematically, he
should be able to follow the other guy's thinking. That's the best we
can do unless we go gestapo and start listening in on all the stuff
that goes through the Station here."
"Would that help?"
"Yeah, but we'd all land in the hoosegow for breaking the secrecy
legislation. You know. 'No one shall ... intercept ... transmit ...
eavesdrop upon ... any message not intended for the listener,
and ... shall not ... be party to the use of any information
gained ... et cetera.' That's us. The trouble is this lag between the
worlds. They can prearrange their bulling and bearing ahead of time and
play smart. With a little luck, they can get the three markets working
just so--going up at Northern Landing; down at Terra; and up again at
Canalopsis, just like waves in a rope. By playing fast and loose on
paper, they can really run things hell, west, and crooked. Illegal,
probably, since they each will no doubt claim to have all the stock in
their possession, and yet will be able to sell and buy the same stock
at the same time in three places."
"Sounds slightly precarious to me," objected Cartright.
Public-domain text, read in full here on John Shaqi.
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