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Technology Stocks : INTEL TRADER
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To: MonsieurGonzo who wrote (5126)1/20/1999 8:29:00 PM
From: Gersh Avery  Read Replies (2) of 11051
 
MG

Don't think of it as a conspiracy, but rather a system overload.

NITE got overloaded with waves of trades on these MO-MO stocks. They reportedly took a $20 million hit being caught short on AMZN. A few days ago they started up with a new practice. Now, if they get hit with a wave, they shift from a automatic fill to a manual fill system. Each sell must be matched with a buy for the fill to go through.

Many many complaints about slow fills.

Lots of the brokerages have changed their margin requirements for the internuts. Some brokerages have stopped allowing internuts being traded on line altogether (phone call only). Sooo .. guess what<g> busy signals .. long times on hold.

System overload ..

So then .. you got this here stock .. and it's falling .. and on line sayz you can't do that here .. and the phones suck .. and it's still falling ..

That stock just might go up .. but I doubt it.

Been watching that TechSpaetzle fund .. very very good job!

AMZN puts :o( stock has been dropping for two weeks and today is the first day that the YZZND option went up .. even so at end of day the makers took the bid down so that it was a buy ~ noon @ ~16 .. at close the bid is now 16 7/8 .. for an in the money put on a stock that dropped 8 points in that same time.

Gersh
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