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Technology Stocks : Ariba Technologies (Nasdaq-ARBA) -- Ignore unavailable to you. Want to Upgrade?

To: SeasideHeights who wrote (383)	9/27/1999 9:49:00 PM
From: carl L.	Read Replies (1) \| Respond to of 2110

Hi Seaside; I'm not quite clear.... I guess I'm not starting with the right assumption - and therefore I don't understand whether arba will go up in the next couple of days - or down... >Looks like daytraders got out of ARBA & the MM's tried to >buy their shares back for as little money as > possible. i.e. you mean that the MM's just screwed the sellers on every tick down....? >After hours the stock isn't falling because all the >daytraders are gone already. By implication - I assume that you mean that it shouldn't be falling because there aren't any weak hands throwing the stock overboard... right? >If this is the first time you've > seen this type of action in a Nasdaq stock, be >prepared for more. I saw this sharp run down occur for exds at the end of one day, I think it continued to get whacked down in price the next day as well.... will we see more selling during the rest of the day tomorrow ? >It's part of the "game". Can you elaborate on what the game is ... i.e. who does what when. >If anything, the upside > looks better now since the 52 week high is now pushed >all the way up to 198. Does this mean that since the 52 week high is now so high that the stock can continue to rise - but it won't show up on the 52-week New High list - and therefore it won't get bought up by other momentum players? >and, who will be back at 9:30:00 > tomorrow? you got it, the daytraders. I guess you mean to imply that the weak daytrade holders will continue their selling and the price will go down further? And that at some point all the weak hands will have sold and then the next run-up will occur...? Thanks C