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Strategies & Market Trends : Roger's 1998 Short Picks
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To: put2rich who wrote (14050)9/25/1998 3:01:00 AM
From: Tai Jin  Read Replies (2) of 18691
 
The trading in ALTIF does look suspicious. It hardly moves away from $9. I've seen stocks which were artificially supported at a price for some time (until someone was able to unload their shares presumably?) and then the stock just goes into freefall.

Speculation: It just seems like this is happening with ALTIF. Perhaps Prudential is keeping the price at $9 while they unload their shares. It could take a while since volume is really low. No one's buying. Sooner rather than later the price will have to come down.

...tai
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