Maybe you can help me with this: "Who is "everyone"? I hear so much about "everyone, no one, they, etc." I really don't believe these entities really exist outside of people's minds.
Hi - regarding your NXTL example, I see that kind of thing all the time in NASDAQ stocks. Specifically, orders being put into the system that effectively create the illusion of supply/demand (even if deceitful illusion is not intent of the person who entered the order). That kind of "fake order" strategy seems to be pretty widespread. Technically speaking, could placing such orders in the system be considered market manipulation? One could argue that its not manipulation, as you are subjecting yourself to the risk of those orders actually getting filled... -T.B.