Verity (VRTY) Message Board

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Technology Stocks : Verity (VRTY)

VRTY 2.400

0.0%

Dec 22 4:00 PM EST

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To: richard p. martino who wrote (289)	3/3/1997 8:26:00 PM
From: Kumar Nathan	of 1011

Todays performance: This stock is extremely jittery. Stock did yoyoed betwen 9 7/8 and 9/3/4 range. I am not sure. But it yoyoed in a very very narrow margin. And it was very purposeful. One interesting observation. When you look at March 10 Option contract. There was a trade at early morning 07:00am PST, there was a transaction to sell 3 contracts at 5/8. This is a perfect manipulation. The stocks bid was not even 5/8 at that time. That too the sale was only 3 contracts. I think this is a kintergarten style of market manipulation. If you are a option trader do you really need to sell 3 contracts to generate $200.00 ?. This is a game MM plays to demoralize the sentiments. I consider this as a very interesting phenomenon. But the intention is clear. The volume is not much and the volotality is also not much. Tommorrow, my gut feeling is, it will be active in the morning and it will move above than today. I think by the end of the day tommorrow there will be some pull back in the entire market and this may not be applicable to VRTY. Let us see whether my prediction holds good. Any thoughts on tommorrow's activity? Regards Kumar.

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