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Technology Stocks : Phone.com [PHCM]

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To: Ellen who wrote (643)10/21/1999 10:55:00 AM
From: Don Roberts  Read Replies (4) of 1080
 
Its simply amazing how manipulated this stock is! Especially intraday ... how the market makers hold it for a while level, while people short ... then they slowly move it up, and then spike it up, and people panic cover. They then short, and move it back down. This can been seen with level II quotes ...

Also, the timing of the news releases ... they are trying to squeeze the shorts. Longs should be careful with earnings out today though ... good companies meeting or beating expectations are getting killed (IBM, etc) ... lets wait for this pig to report!

Shortie
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