The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote ()	12/19/1999 9:01:00 PM
From: Tim Luke	Read Replies (2) of 90042

since i don't have a lot of time i'm going to focus only on CS tonight.....first subject FRIDAY'S QUOTES! friday's closing price.....the stock was trading around 27 1/4 for most of the day right up to the end when the specialist slammed the stock down to the low 26 area...my guess is to shake and fill orders ...there were some big blocks filled at the end of the day...at the bell it close at 26 1/2...then in after market trading several small orders came in from 28 to 29 with new close of 28 1/2. NOW...what do we make of this ...could those trades be a misprint?...possible but i doubt it since there were more then 1 trade and the range was a point spread.... was it manipulation by the specialist?...well this guy is a master at it but i highly doubt he would do something like this....it would very stupid of him to paint the tape like this... my guess:.....i'm going say yes, these trades were for real. why?:...there could be a couple reasons for this..now keep in mind none of us know what is going on so all we can do is come up with some ideas so we can be ready for tomorrow. 1...my guess is something was sent down to the specialist and he had to adjust the price up...now why would he do this?....my guess is if CS opens there will be a sh*t load of buy orders sitting in pre-market waiting to be filled at the open.... 2....this could be earnings related and which would also much the stock higher. 3....my top reason:...marconi buys cs before the open for 35 to 50 per share...the stock will be halted....earnings after the bell with a statement by patel why they sold out to marconi...which will be huge!

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