Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: hjz who wrote (54797)	8/5/1999 4:59:00 PM
From: kendall harmon	Read Replies (3) of 120523

THE REAL SCOOP for TODAY-was that late leak to Tom at the nasdaq that a major brokerage house, probably Merrill, will make positive comments tomorrow. Oh, give me a break. Does anyone on here not believe that many big players knew of this rumor BEFORE it got to CNBC? What happened today was that many newer traders who have been shorting stocks, and especially internet stocks, in the last 7-10 sessions got creamed. EBAY closed more than 20 points above its days low. And we could repeat that action with many other names. The newbies who shorted got clobbered by smart traders who knew that a covering rally was imminent. There is work here for a good investigative reporter. who knew what when? And who made that call to tom costello at the nasdaq market site? Did cnbc check it out before airing it? Important questions.

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