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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (15851)	11/28/1999 10:57:00 AM
From: xcr600	Read Replies (1) \| Respond to of 57584

ADSP was pushed to the extremes by 3 MM's who continuously showed large bids (70k). Once they squeezed it as high as possible and their bids were getting hit, they pulled the plug. Dropped 20 points like a brick. The thing that is utter b.s. are the shorts that were bought in at the top w/no chance to add equity. What happened to the three day clearing period?? Also, was it merely coincidence that the firms closing the positions were the same MM's pushing the stock?? Something really, really stinks here. Like you said, the smart longs are gone. Just longs caught with the bag. This is one time where both sides will lose. As for a margin call, if your assets are gone, why bother covering it? x