Richard Ney and the Wall Street Gang Message Board

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Pastimes : Richard Ney and the Wall Street Gang

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To: m-top who wrote (151)	2/4/1998 1:43:00 AM
From: BenYeung	Read Replies (1) of 492

John, based on your experiences with the specialist/MM system, how do you interpret the different outcome of the next two slammed scenarios? OXHP went down to 25 dollars from 60s, and slid to 14. EFII went down to 13 from 52, and now at 17. So seem like OXHP did not conform to the drop to cover then raise price to unload scenario, while EFII does. What is your interpretation? Or you may use your own examples if you like. Price is definitely what drives investors. JBIL (which me, Winstonwolf, and ccryder follow) had a 300k day last week going nowhere, and today they had a 2M shares volume and stock is up 4. (Average day is 1M shares) Absolutely no news in these two weeks. Simply tells that traders wait until stock MOVED then they get in. Many people in the JBIL thread (other threads too) makes wild prediction on what 50ma is support, what volume looks strong, what BOP, what CSCO's earnings boasted JBIL, where stock will be in a week...all irrelevant and wrong if they dont really know how the system works. Some people in JBIL even talks about what (they think) MMs of JBIL will do in near term... Lets see how high the market can go in near term and how low it will drop... PS. The spell check is so cool.

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