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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (4915)	9/7/2000 11:12:08 PM
From: mishedlo	Read Replies (1) of 30051

Zeev, you still holding the BU$$ - little action for 2 days. That was good yesterday however - in light of huge selloff. mm's seem to want to hold this in a range of 77-81 but I do not know why. Max pain is at 80, but that is a bit away isn't it? Also today I noticed that late in the day there was a small rally going on and stock rose to 80 1/8. Bids were at 79 7/8 or so and ask was at 80 1/8. Next ask, for a lousy 100 shares was at 79 3/8 out of the blue. Looked damn strange to me. Immediately all buys and asks were lowered and stock fell a quick 2 points, just like that. What kind of manipulation is this? Not seen this one before.

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