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To: Z268 who wrote (991)6/17/1999 9:27:00 PM
From: Steve Whitney  Respond to of 1188
 
G'evening.
We appear to have a 'situation' here.
I only occasionally watched the Level 2 action on Wednesday afternoon but saw the low volume price moves orchestrated to allow big volume selling/short selling on the 'artificially' created upticks.The Pru-man has trading screen info also, obviously, so he's not spinnin'.
Yes, the competition is warming up, apparently, according to a previous poster but is it coming on so strong from when the analysts were so impressed during May that they issued their "strong buy" recos. I'm new to this developing (investor law suit?) story so I still have to research what pressures are causing the Intel 144's.
On June 7th, the upper Bollinger Band was penetrated and subsequent chart patterns illustrate a classic short selling pattern. Again, Pru-man's cool.
I'm sure we all look forward to hearing from the other 'supporting?'analysts whose back room traders have probably been involved in the price action.
yt SW.



To: Z268 who wrote (991)6/17/1999 11:15:00 PM
From: Steve Whitney  Read Replies (2) | Respond to of 1188
 
Well, there doesn't seem to be much amateur detective input at the moment but as a newcomer to this column may I respectfully suggest that any people holding this beauty check with friends/family members etc.who can get input from ground zero in Santa Clara about personnel layoffs/ parking lot quantity and quality, do so soon.
yt SW.