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Technology Stocks : OSFT - Objectsoft

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To: TraderGreg who wrote (565)7/16/1999 10:33:00 PM
From: Doc Horror  Read Replies (1) of 694
 
Here's the only thing that I can think of right now ....

They are keeping the price in a tight range to keep the daytraders out as much as possible. And the MM are loading up for "THE RUN". They know that the NEWS has leaked, even if WE are still in the dark, someone knows, and if the stock just took off, it would give too much credibility to the rumor. If this stock is only moving 1/16 or 1/8 it makes it harder for daytraders to make any money on this unless they have a ton of shares. Plus, the average daytrader loses interest fairly quickly. If the stock isn't moving, they will move on to the next play.

Oh well ... if the rumors are true, the MMs will not be able to hold this down. By the way, 2 big blocks after hours. 52,200K and 120,900K.
MMs covering for the next leg up is my guess... no one in their right mind would put that much money into a $1.50 stock ...

See you at the finish line... this story is not finished
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