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Technology Stocks : Unisys: Computer Solutions and Services Worldwide

UIS 2.815

+2.0%

3:59 PM EST

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To: TraderTerry who wrote (2567)	10/30/1999 12:44:00 PM
From: brad greene	Read Replies (1) of 2818

Trader Terry, This also may have been the first use of the Chicago exchange to dick with a stock.....not just paint the tape...but dump the whole can on it! Technical charting software would now be showing a major upside breakout for UIS right now.... if the NYSE closing price were used. Lights would be flashing....."look ahead" charts would be showing $30.00 in five days. Also.....if you look at the trading starting Thursday morning......there is a strong case for a large short position that got caught in an updraft......The 100k trade in Chicago may have been an effort to lessen a margin call over the weekend. I think if you begin with Thursday morning...you will see big downside volume just prior to the lawsuit being announced.....and a big turn around after that. The timing of the lawsuit announcement was very curious to me. The specialist on the NYSE should correct the situation Monday morning.......and it could be rather interesting. I did notice that UIS almost broke and ran yesterday afternoon.....Just for a few minutes....I think I saw little resistance above $24.50..... I think the Chicago trade was intentional......and they would have sold for $20.00......if they had been allowed to. Lots of these charting programs have bells and whistles and break-out alerts.......This trade hushed them up.....and I think this may have been the motivation. Any institution could have dropped 100k at any time in the afternoon at above $24.00.....So I can't believe the pre-arranged sale idea. The timing and effect are just too suspicious. Just a hunch.....but I think the short players who felt this stock had to go to $18.00 to find a bottom.....are in trouble now. bg ps. I'm buying 100 shares on the Chicago Exchange Monday evening. I will insist upon paying $30.00......not a penny less.<g>

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