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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE!
RACE 417.15-0.2%3:59 PM EST
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To: Howard Feinstein who wrote (31967)4/6/1999 8:20:00 PM
From: MadMax  Read Replies (2) of 33268
 
Howard, I am with you on that one. My analysis of today's action is one of a CLASSIC BEAR TRAP!!! Here's why...

1) RACE dropped off to near the $ 4 level from 4 7/8 in about 1 hour. Now there is only one way for that to happen, that is, for the MM's pull their bids on the stock.

2) Now, MM's pull their bids for one of two reasons, first there appears a large block for sale. I did not see any large transactions on the chart, so I doubt that this was the case here.

3) The second reason is that the MM's decide to drop the price, generally in an effort to sweep out a batch of STOP LOSSES that have accumulated likely around the $ 4 level (where RACE was supported three weeks ago) and to which the stock sank. Presto, the MM's scoop up a large amount of stock at a bargain basement price.

4) All of this activity generally preceeds some kind of news by about a week or two. MM's are in on the forthcoming news & timing of the release, so they know when the window of opportunity exists and exactly how they can panic the masses, then they proceed to do so!!!

5) With the huge SHORT INTEREST out there, the MM's just sit tight & wait for the news to materialize & presto the BIG SS is at hand & the mushroom cloud takes the stock price up with it.

6) That is the CLASSIC BEAR TRAP. My BET is that it will be sprung within two weeks from today!!!

Happy bear hunting RACE fans...
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