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Technology Stocks : IMRS racking up y2k contracts.
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To: Bald Man from Mars who wrote (2270)2/26/1998 4:50:00 PM
From: paul e thomas  Read Replies (1) of 3162
 
Bald Man, I recorder every trade after 3:35. I believe the market makers were maipulating the late afternoon weakness.At 3:36 the bid was 45 3/8,after only an additional 7800 shares( bringing total to 159,000) the bid dropped 1/2.It then dropped an additional 7/8 with only 20,000 more shares. All this happened in about 9 minutes and mostly in volumes consistent with individual investors being suckered into selling.Today IMRS made a strong move well above the previous 52 week high.
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