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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: kathyh who wrote (64626)	10/7/1999 2:06:00 PM
From: Chicago	Read Replies (3) \| Respond to of 90042

Kathy, Thanks, I was just wondering...this confirms my suspicion that this is no big deal... Regards, Chicago

To: kathyh who wrote (64626)	10/7/1999 2:16:00 PM
From: Ed K	Read Replies (1) \| Respond to of 90042

Kathy: I'm sure this is one of the events that Tim often refers to as a "head fake". CS is NSYE and therefore there is a specialist. ALSO, one can set sell stop orders should the price decline below a set level. These stop orders show up on their screens. (Sometimes a good strategy for an unstable market, but a terrible strategy for a stock in play). Often when a stock surges up over a couple of days people go and reset their stop orders. Now the specialist can bring the stock down, wipe out these suckers stop orders and accumulate a fair amount of stock. Once these stop orders are clear, then the stock surges back to about the original level. A beautifully executed "head fake." Ed K