Is "market pushing" ethical or not?

[glchen]

Peter, to me this is like a country trying to prop up its currency against hedge funds. You can keep buying and buying, but sooner or later, someone is going to blink. Usually the country. As long as the market is legitimate, it's all good to me.

[Peter_Spaeth]

Originally Posted by glchen

Peter, to me this is like a country trying to prop up its currency against hedge funds. You can keep buying and buying, but sooner or later, someone is going to blink. Usually the country. As long as the market is legitimate, it's all good to me.

Respectfully, that is a circular argument, assuming its conclusion that the market is legitimate. I say that if this is how prices are determined, it's not.

[glchen]

Ok different analogy. Say I have a LOT of money in my brokerage account. I am in no way affiliated with Microsoft. I place a limit order in my brokerage account where I will buy any and all Microsoft stock if the price is $50 or lower. Until all of the vast sums of money in my account run out. I am trying to protect my investment in Microsoft by trying to make sure it doesn't go below $50. Why is this not ethical? It however can be very stupid if everyone else thinks MSFT is worth less than $50 and would be happy to dump those shares on me.

If the 300 odd folks who hold Rose rookies in PSA 8 don't think that card is worth 5 figures, they should just dump those cards on whoever is willing to buy those cards at those prices. That's the free market.

[bravos4evr]

Originally Posted by Peter_Spaeth

Respectfully, that is a circular argument, assuming its conclusion that the market is legitimate. I say that if this is how prices are determined, it's not.

well that's the real trick right? Figuring out what is a legit buyer and what isn't? I mean, even if a shill pushes the price if the end buyer isn't an associate and buys the card with no malice than the price is legit. (and obviously the price is not legit if the buyer is a shill)

The hard part is knowing who is who, and aside from what you are doing with your research is difficult to ascertain.

A solution? IDK man, ebay isn't going to patrol it worth a darn, I guess it's up to the individuals self policing and pointing out stuff like you did in this thread,