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To: Bilow who wrote (35757)12/10/1999 6:45:00 AM
From: KM  Respond to of 93625
 
Carl, that is so true about overt attempts to damage a stock technically and make the VWAP look nice so their clients don't know they got hosed. It's gotten to the point in some stocks that you can anticipate it and fade the move for a decent profit.

I've got one where I think the market makers know me because I show up nearly every day while they're pulling this nonsense. Of course, they won't let you short the stock <G>.



To: Bilow who wrote (35757)12/10/1999 9:42:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 93625
 
Carl, "I don't do day trading" like you do, but sometimes, I am "forced to", like today, I sold my position close to the open ($70) and am looking to reenter when and if we retest the $66 area. I did not like the sudden drop under $66 yesterday, but it was so short lived that it does not "count". Nevertheless, I think that some more testing is due. Longer term, I believe we are going to see systems in the field and announcement from DRAM manufacturers that they are back in line and that will have, IMHO a positive impact. As I said, so many times, however, a breach of $66 makes all these nice future news moot, IMHO.

Zeev