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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?


To: rumble_maker who wrote (7011)6/24/1999 3:03:00 PM
From: AugustWest  Read Replies (1) | Respond to of 20297
 
and we give it all back now,and then some

Do i hear taps being played in the background yet?



To: rumble_maker who wrote (7011)6/24/1999 3:03:00 PM
From: Tom Klempay  Read Replies (1) | Respond to of 20297
 
A market maker that is trying to buy stock to cover a short at say 29 1/2, will make a stock look "weak" so people with fear will give their shares up. It is common to tank a stock after you have sold shares for a client. At the end of the day, when you give that client a call with their average price, you need to make sure you did better for them then the average price. To do this, you will hold some of their order until the end of the day and just ruthlessly sell, driving the stock down.

Risking the wrath of people who dislike Cramer, I'll point out that he recently wrote an article about the times that his wife (aka the Trading Goddess) echoed the exact sentiments you mention above. Are you sure that you're not Cramer in disguise <g>?

-tk



To: rumble_maker who wrote (7011)6/24/1999 6:29:00 PM
From: Scott Williams98  Respond to of 20297
 
Hi rumble_maker,

Great job in explaining how MM's work. I think we're at/near the bottom for CKFR here. Admittedly, I was scratching my head when I saw that CKFR had gapped open that BIG this morning. Didn't surprise me when it came right back down. I think it's a good time to nibble on some shares at these levels and just hold.

Best of luck SCOTT