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Technology Stocks : Autoweb IPO 3/22/99 AWEB
AWEB 0.0004000.0%Oct 18 5:00 PM EST
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To: grogger who wrote (639)8/31/1999 1:42:00 AM
From: Norrin Radd  Read Replies (1) of 696
 
Patience will definitely be rewarded here. This is a good company in the right web business. The market makers will take this thing back up very fast when they decide to move it up again. This is the way they do it, squeeze it beyond belief, then buy it up, and then all of a sudden jump it up 15-30% (or more) in a single trading session. If it gets bought out it may jump 60% or more in one trading session from these levels. This one day huge percentage leap off the bottom is exactly what happened last Oct. off of the lows for literally thousands of stocks.

When the market makers drive the price lower than low, they usually don't keep it down there for too long. Just enough to panic holders to death. Many 100's of stocks have tripled to quintupled (or more) off of last Oct. lows. I look at perhaps 1500 charts every week and I could shower you with examples. For just a few examples, check out the advance of LTXX off of its low last Oct. or ALSC, or SIII.

So since this puppy is very oversold, the logical thing for the market makers to do, is to take it even lower. But they won't keep it way down there for too long because they don't want wise acres like me to come in and buy like a madman at those insanely low prices. They want to reserve that privilege for themselves.
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