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To: RocketMan who wrote (23484)6/21/1999 6:33:00 PM
From: ISOMAN  Read Replies (1) | Respond to of 41369
 
I remember a WSJ story that tanked the Stock from the $150 range to $112 in April. 55 million shares traded.

The stock then rallied back to the $160s.

It then dropped to $105 three times....

Fooling us Gurus into thinking that $105 was the resistence.

Then fear and panic set in....

A few people began sticking needles in the eyes of the already nervous

The stock trailed down to 90$ on low volume days 16 million to 23 million.

Some people were screaming "This is going to $70"

(I knew I believed them...oh yeah.,..oh yeah sure)

Anyway....At $90 I tried to load the boat...and they wouldn't let me fill the cargo bay....

sooooo.........

Since emotion was the reason for the drop....

Emotion will be the reason for the return to $150



To: RocketMan who wrote (23484)6/21/1999 6:43:00 PM
From: TARADO96  Read Replies (1) | Respond to of 41369
 
Rocketman wrote:

<<12. True longs didn't care, they just saw all of this as comedy.>>

Ain't that the truth, my friend!

Best of luck to all of us,

Tar



To: RocketMan who wrote (23484)6/21/1999 7:21:00 PM
From: Rascal  Read Replies (1) | Respond to of 41369
 
You are correct, sir.
So tell me how do I use all the stuff I have learned about TA and fundamentals?

Is Lazlo Beryini the "man" with his cash flow?
Thanks.
Mr. Rascal




To: RocketMan who wrote (23484)6/21/1999 8:26:00 PM
From: Ed Forrest  Read Replies (1) | Respond to of 41369
 
>>how we went from 175 to 90 (with no bad news, great earnings, etc.) in just a few torturous weeks.

1. Fidelity unloaded.
2. Other funds and individuals bought.
3. Fidelity unloaded some more.
4. Other money managers unloaded.
5. Analysts got on the bandwagon, wanting to look right. They made up fear about inflation to look like analysts.
6. Little guys got margin calls.
7. Selling snowballed and shorters jumped on.
8. Analysts called for another 20% down, so funds started buying at 10%.
9. Numbers came out, no inflation.
10. Analysts turned around except for Meeker who got caught with her panties down.
11. Shorts started covering.
12. True longs didn't care, they just saw all of this as comedy.

JMHO<<

RocketMan
As the so called "masses" do we have any recourse to this type of manipulation?
Ed