LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: kathyh who wrote (27697)	12/22/1999 1:08:00 PM
From: AlienTech	Read Replies (1) of 43080

>>... i did notice that lehman, the lead underwriter, initiated coverage at a buy... then was on the ask most of the morning selling it all the way down to 14 1/8... hmmm... just looked again and there they are back on the ask at 13 7/8... how come when they think its going to 30 they are selling at 13 7/8? i am probably confused or missing something here... lol << Thats lehman for you.. Noticed the same thing on SRNA.. All thw way from 17 to 7! 6 months later its @ 30! And I do trade it, but I shoudnt.. Its worth a lot more than 13.. So is INIT, but I trade that too.. I guess I never learn! I should!

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