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Technology Stocks : Winstar Comm. (WCII)

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To: gabor boda who wrote (9727)12/18/1998 4:21:00 PM
From: Steven Bowen  Read Replies (4) of 12468
 
"I think that this is criminal manipulation. Someone should be brought to the carpet for this one. I can't imagine that it will go unnoticed by the SEC."

Why, who do think manipulated it???

People just quit buying ahead of the weekend, but all the momentum players and traders wanted to sell. Sellers but no buyers. Price has to go down until buyers step up to take the shares off the traders hands. Sellers were trying to sell into a void; that's why the price collapsed so fast.
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