Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: genejockey who wrote (15216)	2/27/1999 12:29:00 AM
From: Nazbuster	Read Replies (1) of 122087

Howard, that seems plausable, but also a huge gamble. For what? If they discover that THEY were the only cause of the upward momentum and no one comes to the party at higher prices, aren't they stuck having bought a bunch of stock at higher and higher prices that no one wants? I can see that they can provide a "floor" with their buying, but if the people on ASK refuse to capitulate and sell at BID, then the stock sits there with no trading. I saw this today in several issues and found it unusual. 15 minutes of jockeying the bids and asks, but NO TRADES! Eventually, I guess, they are hoping for tremendous momentum from day traders hopping aboard a rising stock and from the squeeze forcing buying by shorts. Do they believe they can unload all their accumulated stock during this momentum? Why cannot we interpret their buying as a reflection of a huge order to buy a bunch at no more than 11 1/2? Can't today's action reflect REAL ORDERS?

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