Hi dwayanu,
what happened today is very interesting and telling. Let me ask you something, why do you think YHOO was up more than Q today? Let me tell you, because YHOO was not desired as much by the MM's. What is one job of the MM's and not necessarily their most important? Right, maintaining an orderly market and one way they do this and by far the most expensive is to purchase and sell stock. Buying $400 stocks can get damned expensive. Now which one did they say no to and let run, you got it YHOO and the retail investor and lesser Houses took it up. Next question, which two market makers are generally considered the most influential and powerful?, yep, Goldman and Merrill. Now next question, which two Houses upgraded today? You got it J. P. Morgan and Lehman. Now what does that tell you, it tells me that Goldman and Merrill are still buying and if they are buying I am sorry but they are going to SHOW the anxious sideline investor that this hummer just might go down and because THEY CAN TRADE FOR THEIR OWN ACCOUNTS all they have to do is show a price then their market order can be executed at will and it is the buying pressure and only the buying pressure that kept it finishing up 30 pts. So that is what you saw my friend. Remember, it will be the most desired stocks that are the most manipulated. NOW - what you will see by split time is all the major Houses will have purchased for this round and the UPGRADES will come flowing in post split! NOW - I will tell you their number one responsibility is making money for their firm!
V
P.S.- Point being, if they had let the Q run the way everyone saw it could run, it would have been up fifty, that is why we will 600 or higher! |
