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Technology Stocks : Globalstar Memorial Day Massacre
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To: DWB who wrote (64)5/11/2000 4:32:00 PM
From: Maurice Winn   of 543
 
DWB, it sure has heated up. I hope those CNBC and WSJ people realize they are promoting the idea of moving share to cash accounts and dehypothecating. The SEC might be phoning them or knocking on their door.

Meanwhile, here's the item on CNBC from the 'good thread':

<"Memorial Day Massacre" gets mentioned on CNBC
(repost from marcbirn on the Yahoo G* board)
G*on CNBC at 6AM-MAURICE WINN read this
by: marcbirn 5/11/00 8:26 am
Msg: 39944 of 39951
For those that did not catch it they did a short piece on CNBC this AM talking about the posters on SI that are calling for the G* Memorial Day Massacre - where all G* longs band together and cause a short squeeze.

The jist of the story was they were debating if this represented stock manipulation and if the SEC should/would investigate, which they postulated they probably would not. My take on the thing was that it was nothing more than fluff/bs. Even the reporter discussing it (pretty blond I'd never seen before) couldn't make a crisp conclusion. CNBC really hates G*.

They had a post by Maurice Winn in the background as they had their discussion.

I kid you not on this. >

Mqurice

PS: Looks as though that big trade got cancelled?!! What the heck is going on? It seems that somebody is trying to manipulate the markets with orders to buy and cancelling like that. I hope the SEC is on their case!! We don't want any illegal trading in Globalstar.

To: yields who wrote (12599)
From: Souze Thursday, May 11, 2000 3:07 PM ET
Respond to Post # 12601 of 12610

That 3,458,600 share trade got cancelled.

To: vladz who wrote (12604)
From: Souze Thursday, May 11, 2000 3:46 PM ET
Respond to Post # 12608 of 12610

I receive the trade data from QCharts. Any quote provider who also provides history data for the day would have it, but I don't have any names.
For reference, I see the trade as having occurred about 14:26, and the cancellation message at about 14:49.
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