William Cartwright, business manager for Venus Equilateral, interrupted
Don and Walt in a discussion. He carried a page of stock market
quotations and a few hundred feet of ticker tape.
Channing put down his pencil and leaned back in his chair. Walt did
likewise, and said: "What's brewing?"
"Something I do not like."
"So?"
"The stock has been cutting didoes. We've been up and down so much it
looks like a scenic railway."
"How do we come out?"
"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 stock
is in the possession of the folks out here, you know, but aside from
yourself, Walt, and a couple dozen of the executive personnel, the
stock is spread pretty thin. The common stock has a lot of itself
running around loose outside. Look!"
Cartwright began to run off the many yards of ticker tape. "Here,
some guy dumped a boatload at Canalopsis, and some other guy glommed
onto 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 get some 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?"
Public-domain text, read in full here on John Shaqi.
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