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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)
VEEV 295.01+1.3%Nov 7 9:30 AM EST

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To: Stock Watcher who wrote (4135)3/12/1999 5:39:00 PM
From: Francois Goelo  Read Replies (1) of 52051
 
S W, I was young & impetuous when I predicted LZMCF at $1. Up only 24%...

But it opened at .75 and I have already thought of a good excuse:

To: Andrew G. (72 )
From: Francois Goelo Friday, Mar 12 1999 4:21PM ET
Reply # of 87

Andrew G.,

I am no expert on MM games, but looking at today's chart, I have the feeling that MM's sold shares they did not own at a fairly high price, then walked the stock down to panic weak holders into selling in order to square their books at the end of trading. If that is true, then there should be plenty of upward momentum left in the stock on Monday.
Regards, F. Goelo + + +

PS: Maybe experts on MM's behavior and practices would care to comment.


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