EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: Stu E. who wrote (10264)	5/22/2000 3:23:00 PM
From: TigerPaw	Read Replies (2) of 17183

$90 I will trot out my conspiracy theory again, because I have seen these unusual small volume trades too often. I believe: Some traders, perhaps with a little help from a broker, will put in nucance bids in order to skew the high and/or low for the day. Why? because the other traders all have a couple of dozen one-minute tick windows open and are looking for changes and trends. When a trade gets through at a big price difference it causes the scale factor on these windows to change. This hides the action, at least for a while, since price changes of 1 or 2 points no longer show up as much movement (since the vertical scale is now adjusted for a larger swing). I think it is a game that some day traders play on other traders. TP

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