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Strategies & Market Trends : Rande Is . . . HOME
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To: KM who wrote (18573)1/13/2000 9:12:00 AM
From: Rande Is  Read Replies (3) of 57584
 
KM, this is the sort of market where there is no margin for error when margining. Those with margins are the prime target of the manipulation. We saw that when the market rebounded so sharply after hitting its low point during the final 2 hours of the 4th day after a slew of margin calls went out just after the 1st of January. Sure it could be coincidence. . . and the dog could have actually eaten my homework. But that isn't what happened.

Two days ago, I showed my wife how JDSU was trading 10 points at a time. . .it would gap up 10 then race up 10 then selloff 10 then open 10 points lower, then go up 10 then down 10. . . not 6 or 4 or even 9. What did it close at yesterday? +10 . . not 10 1/8th. TEN. Where is it trading in the pre-market? Up 10. If you knew each of the directions, you could have made a mint in JDSU over the past week. . . just trading up and down 10. But if you had tried to time it, you would have lost not once, but 4, 5 or 6 times.. . . .even if you had timed it correctly half of those times, you would be only even today. . . and believe me. . .NOBODY timed it correctly unless they were on the Gordon Gekko call list.

The part that upsets me most, is that the playing field is already unlevel. . .the brokerages already hold all the cards. . . brought the ball. . .have all the marbles and the home field advantage. This latest manipulation is like the football team that is leading 46 to 3 with 1 minute left in the game and instead of downing the ball and going home, they put salt in the wound by throwing the long bomb for one more touchdown. . . then as if to add insult to injury, they go for 2.

Rande Is
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