Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Vayda who wrote (54461)	12/16/1999 2:55:00 PM
From: Voltaire	Read Replies (4) \| Respond to of 152472

Hi Jeff, This morning for everyone that noticed, was a classic case of Saddling. Now saddling is when one House say like Goldman and maybe another like Merrill simply trade back and forth as much stock as it takes to keep the stock in a one or two point range. If you noticed today there was very low volume as JW pointed how but that is when saddling works the best. Why would Houses saddle you ask? Very simple, first of all the retail buyer is almost no factor in here but the Houses are and this morning they were buying the other hot stocks that were moving like MSFT, CMGI etc. Saddling allows a MM to know where the stock will be when they come back to it and that happen today. Remember the pre opening and then the opening, that is where the stock should finish because that was the real pressure on the stock and that is why I said we might see 15 today. If you remember the last few days you will remember the pattern of up seven down six and today you did not see and that is why I called everyone's attention to it. I think you are right about options expiration but most of it will like you say be over probably by this afternoon. FOLKS THE THING TO REMEMBER HERE IS- If you were going to buy a piece of Real Estate by outright buy or option and you knew it would split up into four parcels and would increase drastically once you recommended it, WHAT WOULD YOU DO? RIGHT, you would keep your mouth shut! That is exactly what is happening by the Houses being so quite, have you noticed NOT A WORD, well wait until after the split and see what happens, UPGRADE after UPGRADE my friends! See now we are back into the up 15 down 5 etc. Selah, Voltaire