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

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To: genejockey who wrote (15216)2/27/1999 9:36:00 AM
From: surelock  Read Replies (1) of 122087
 
howard,
I appreciate all the excellent analysis regarding OMGA from
you and all the others. It appears as if there was another
factor at play here which may explain much of today's action.
If you look at the following post:

Message 8065009

you will notice the following comment, well down in the message:

"we short like we shorted OMGA after going long today"

My guess is that mex put out a flash buy on OMGA in mid-afternoon, that it was likely him accumulating through RAJA front running
his upcoming buy call, and that once he unloaded his paper into his subscribers buying, he switched to the short call. IMO, the rapid
price rise we saw had the look more of a mex strike, than the
yahoo rumor, but, then again, the whole thing may have been one
giant orchestration that included the yahoo rumor, merlin and other daytrader chat groups.

SH
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