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Technology Stocks : Osicom(FIBR)

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To: Brian who wrote (9517)4/23/1999 1:25:00 AM
From: Brian  Read Replies (4) of 10479
 
One more thought for tonight from the yahoo board
messages.yahoo.com

The Straight Story by: Backdoor_Hilly
33090 of 33112
I watched this stock tick by tick from 12:00 until close today on Level II. Let me tell you what I see. I find several things very strange. The first is the fact that so many law suits have been filed so quickly after "bad news" has been released. This was all premeditated by short sellers. Yep, scripted. I saw a MASTERFUL job by two market makers taking this stock lower all during the day. I saw this many times and SOESed the market makers while they were the only inside ask. EACH TIME they responded by moving up to the next level and showing shares greater than 1000 shares. It worked. My pockets are only so deep. They MASTERFULLY joined the ask when other sellers were there protecting their ask. Only when the stock started to rally mid afternoon did they start to buy (pay the ask) but when the buying stalled, they went back to offering large shares for sale. When some buying did start again, they lifted their offer because they did not want to sell. I accumulated this stock all afternoon. This is a classic case of market makers taking a stock price lower to accumulate. Somewhere this evening I read on this thread that after hours trading was $7.00. Watch for a run tomorrow. IF YOU ARE LONG ON THIS STOCK you can help you own cause. If your shares are on margin (those shares are available for others to short) CALL YOUR BROKER first thing in the AM and ask him to move these shares into your cash account. Those shares loaned to short sellers will then have to be replaced by the short sellers. This will create an upward pressure on the stock. I post very rarely but felt the need to do so tonite. Good luck all!

Backdoor Hilly
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