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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: HandsOn who wrote (60464)	9/16/1999 6:23:00 PM
From: Tim Luke	Read Replies (2) \| Respond to of 90042

making something appear what it's not..... cs...let me explain a couple things mm's and specialist will do.....first off by closing it down at 18 which 13/16 from the real close it makes appear to the naive and weak investors that the stock may spiral down...this will cause people who don't sit in front of the puter all day to put in a market sell order. second....margin holders: some may be margin to the gills on this one and that extra 13/16 will be enough to generate a margin call..ie..causing some to panic and sellat the open or to put in a pre market order to sell at market price. third....lets say the specialist shorts cs at 18 13/16 for his own personal account...opens the stock at 17 3/4 generating more pnaic sellers...he then covers at lets say 17 1/2 and now goes long on the stock and lets it go. forth...the bottom line is we are dealing with a lot of crooked people on wall street and it's going to get worse. fifth..why in the hell is CNBC allowed to own an ecn???/ these guys can move the biggest blue chip with one little comment from faber or kernan