Yes, well, the heavier than normal volume could also be the result of the recent upgrades and the DataStorage conference that is concluding today in San Jose. With a $1,500 (roughly) entry fee, only the well-heeled could attend, but all of the heavyweight companies were there, including Seagate. Wish I could afford to go, both in time and money.
I have heard about specialist manipulation for years now. I don't doubt that they have an influence, and don't doubt that they at times try to manipulate individual stocks, but their look at the order book is their biggest advantage, especially in liquid stocks like SEG, which require a lot of money to manipulate. Also, they by their very mandate have to buy when everyone else is selling and sell when everyone is buying, which is the way you're suppose to do it, leaving emotions aside. Of course, at the margin, their buying, selling, shorting could move a stock for awhile, but in the end it is fundamentals that does it, IMO.
All that said, I still enjoy your posts. We'll see how this prediction pans out. |
