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Politics : The Left Wing Porch

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To: Dr. Id who wrote (1752)	12/22/2000 1:58:03 AM
From: techguerrilla	Read Replies (2) of 6089

A theory of market manipulation: "MaxPain" Volatile tech stocks are quite clearly manipulated by heavy duty "powers that be." Call/put ratios often drive a stock at options expiration day to where the maximum pain is found. For example, the maximum pain was found in QCOM for December options at 80. QCOM closed right around there last Friday. As of today, the "MaxPain" for QCOM on Jan01 options is 65 (10 points below its close Thurday, 12/21/00). Also, BRCD closed Thursday at 136 7/8. Its "MaxPain" on Jan01 options is 180. BRCD is incredibly volatile and could shoot right back up now. Incidentally, BRCD splits Friday. brocade.com These indicators tell me that being out of QCOM now is a very good idea. They also tell me that BRCD has quite satisfactorily had its air taken out of it. In fact, it might be basing for an upward attack. I'd love your comments on the subject, as well as the comments of any other interested radicals here on the LWP. If you want to check out a web site on the subject, here's the link: iqauto.com Just porchin' and, definitely, "thinking under the influence." /john

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