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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: NOW who wrote (129904)10/17/2001 4:22:53 PM
From: sun-tzu  Read Replies (1) of 436258
 
well, look at MXT. they "reported" great #'s all around and got drilled. what is hard for me to understand is how does COF levitate like that when MXT and KRB get whacked.

my personal feeling is this: heavy institutional distribution on all these companies. the brokerages take advantage of any lift by holding the stock up with light volume and then dumping blocks when buyers show their cards.

i know for a fact that is happening on KRB. i suspect the boyz had an easier time holding COF up today and were able to dump big size from start to finish.
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