To: Victor Lazlo who wrote (85392 ) 11/27/1999 3:02:00 PM From: H James Morris Respond to of 164684
Victor, buy as soon as you see the hype coming, and then sell as soon as you can, If you find out that the elephants, aren't ahead of the retailers.(you can do that simply by looking at the size of the trades) To quote a Sr VP of Morgan Stanley last week. "This market is not owned by the investing public anymore, It's owned by the institutions". Now, the problem the daytraders have, who are trading over most of the on-line brokers, is they can't tell, or don't no where to go, to find out what the elephants are doing. Some times I wonder how many investors even bother to find out.:-(( <<Screamers Daytraders mob Ariel stock for second day Shares more than triple as the busiest Nasdq issue By Brenon Daly, CBS MarketWatch Last Update: 2:09 PM ET Nov 26, 1999 NewsWatch CRANBURY, N.J. (CBS.MW) -- Daytraders snatched up Ariel shares in the holiday-shortened session Friday, going hog-wild as the wireless network equipment maker's stock more than tripled. Ariel (ADSP: news, msgs) was the busiest Nasdaq stock for the second-straight day, with nearly 50 million shares changing hands. That was three times the volume of second-place Microsoft (MSFT: news, msgs), and comes despite only 9.8 million shares outstanding for Ariel. Ariel won clearance for its card that allows users to connect to a network remotely.The stock tripled on Wednesday, and added 26 1/4 to 37, but traded as high as 60. It started the week at 3 23/32. Earlier in the week, the company's RS4200 T1/PRI network interface was approved for use for connection to the digital networks in the United States, Canada, most European countries, Australia and most Pacific Rim countries.Most of the trading came in lots of 100 to 500 shares, indicating retail investor activity.