. . . . . . . . . . . ANSWER to Market Question: . . . . . . .
MARKET QUESTION: What do these stocks have in common? HGSI, VERT,
DCLK, ICGE, BVSN, EPNY, CMGI, QCOM, OCLI, JDSU, RHAT, AKAM,
BRCM, JNPR, FDRY, LDIG, SAPE, BGEN, LPTHA, EMLX ? ? ? ? ? ? ? ?
ANSWERS:
1. They all have been under recent heavy accumulation.
2. They are all considered to be high-fliers of their respective sectors.
3. They are all recently highly desirable issues by those that missed their run-ups.
4. They all had DRAMATIC gap ups on Monday. . .most were extremely uncharacteristic and followed by exaggerated declines. . . much sharper than the few percentage point drop in the S&P, Naz or Dow on Monday morning.
5. Except for some brief rallys, they have all been selling off sharply since the gap up on Monday.
6. They all closed sharply lower. . .nearly all closed even lower than their 1999 close.
7. They all made a LOSERS list today!!!!
8. Most all made the point losers list. . .LDIG made the percentage losers list. . .
9. All showed losses greatly outpacing the market. . .in fact this group averaged roughly an 11 percent loss. . . exactly double the loss of the Nasdaq.
This is proof positive that what we saw this week was profit-taking of the high fliers. I really don't like that sharp head fake on Monday that suckered many newbies into buying at the high, then the floor dropped completely out of these issues and they fell straight down on profit-taking. If the market was not manipulated, it would not have opened sharply higher and headed straight down.
Overnight, each of these issues, as well as countless others dropped sharply from where they traded in the after-hours markets. . . I don't like that either. . . there was no pressure to sell each individual stock in the after-hours market on Monday, yet each of these issues opened the pre-market sharply lower.
Below is a chart: Yahoo's charts are a little whacko. . QCOM is flatlined for some reason. . .but this will give you an idea. . . for those wishing to study further, I suggest using a better chart of the past 2-3 days.
finance.yahoo.com
Once opened . . WAY up. . .this group of highly desired issues went lower and lower and lower as the "smart money" sold off. . . and why exactly is this money so smart?
Remember, it is easy to know HOW TO PLAY a market, when you are fully aware of WHY it is moving in whichever direction and WHEN it will be turning back.
Now, is there an analyst anywhere that would get on CNBC and let the individual investor know the game plan? Of course not. . . this game is not about one company against the next. . . it is about the individual investors against the market insiders.
And once we learn that lesson well. . . .we can get down to real business. . . "how to find out what they are up to, BEFORE they act, so we can realize maximum profits from THEIR manipulative moves."
I am seeking leads. . . into brokerage house mentalities and any other legal means of knowing what the Wall Street Fat Cats and brokerage houses are "planning" for the markets. . . .so that when they manipulate the markets. . . we will be ANTICIPATING their moves.. . rather than trying to decipher them after the fact.
This market game is so unfair it is a wonder we make profits at all. . . .I would guess that they were not happy reading about all the individual investor gains in 1999. . . and am suspecting that the Wall Street Fat Cats, Brokerages, Market Makers, etc. are going to make it MUCH harder for us to realize our gains during 2000.
So we need to get MORE savvy and clever than ever before.
Open to suggestions and leads on how we [as bulls] can improve our surveillance, intelligence and analysis of the inner workings and manipulations that go on each day on Wall Street.
Rande Is |
