"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.
"Not at all, if you figure things just right. At a given instant, Pete may be buying at sixty-five on Venus; Joe may be selling like furious at seventy-one on Mars; and Jimmy may be bucking him up again by buying at sixty-five on Terra. Then the picture and the tickers catch up with one another, and Joe will start buying again at sixty-five, whilst Pete and Jimmy are selling at seventy-one. Once they get their periodicity running, they're able to tinker the market for quite a time. That's where your man comes in, Bill. Have him study the market and step in at the right time and grab us all a few cheap ones. Get me?"
"Sure," said Cartright. "I get it. In that way, we'll tend to stabilize the market, as well as getting the other guy's shares."
"Right. I'll leave it up to you. Handle this thing for the best interests of all of us."