Auric Goldfinger's Short List Message Board

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Non-Tech : Auric Goldfinger's Short List

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To: Sir Auric Goldfinger who wrote (5340)	7/2/2000 6:52:04 PM
From: UnBelievable	Read Replies (1) of 19428

I Would Be Interested Learning More About Your Experience With EOQ Tape Painting Looking at the trading Friday leaves little doubt that tape painting is fairly prevalent. Not to diminish the value of the list your provided, I would think that your comment about the stocks having a high probability of declining below today's closing price probably applies to a fair number of the stocks which closed higher Friday, particularly when those gains occurred in the last 30 minutes of the day. NEWP, another stock which I have been following, was particularly strong at the end of the day. My questions concern the resources which are committed to a positive outcome, as well as typical behavior in the days following the End of the Quarter. It would seem that the best time to sell shares in companies that are tape painting candidates is in the last half hour or the last day. Have you, or are you aware of any traders, who have engaged in large scale selling into this activity. Do you have a sense of the scale of resources that are available to ensure a successful result? I assume that the individuals who have the greatest interest in a high EOQ share price are mutual fund managers. Are they the actual purchaser's during this time period or is their collaboration between themselves and the market makers? How would you expect "the market" to respond if it found a significantly greater number of sellers than was anticipated? It would appear that particularly on the NASDAQ the share price could be increased without actually having to purchase a significant number of shares because of the way in which (or lack there of) sales imbalances are resolved. I would imagine that increases of this type resolve towards the mean fairly quickly, providing few sellers with the opportunity to actually sell at the high prices, which printed at the end of the day, anytime thereafter. On the other hand, if the purchases are in fact planned fund purchases, with the intent that the shares purchased are retained; the time frame for price resolution might be longer. I would be interested in your actual experience with this type of activity. End of Quarter and End of Month tape painting has been one of the few market actions that is both generally anticipated and consistently occurring. It is really as tradable as it seems?

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