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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST

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To: Mighty_Mezz who wrote (1009)7/23/1997 7:05:00 PM
From: sam   of 27307
 
>>Won't know until the July short figures come out, but if the short interest hasn't
changed significantly, it could mean the MMs took over the short positions by selling
short to those being squeezed.
Any new longs... please reveal yourselves. Convince me that this really is buying
going on, and not MM churn. <<
I have noticed difference between sales block and buying blocks. Ask orders are large in size and show up at the end or open. Bid is small in size. This could lead only one assumption:
Someone has big inventory needs to load off. But doing so may cause price decline if moving tooooo quick. So get rid of the stock slowly, or have someone else come into play to help out (which is illegal BTW)
on maintain the price.
the fun is that whoever hold the stock face a dilema: either liquidate to have less profit (assume there is) or hold on paper gain for some time. It is very likely first will happen since no one can project the price unless he/she had loaded very large amount to influence the market.
Patient will pay off :)
Sam
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