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.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Yougang Xiao who wrote (85659)	1/6/2000 7:15:00 PM
From: xun	Read Replies (1) \| Respond to of 1572947

Yougang: <Given the probability of a big down market tomorrow, the guy who cooked the 32 price is most likely trying to scare away weaker hands by artificially inflating higher down percentage.> Is the guy supposed to be at buy side or sell side? I would assume only guys who are accumulating would try to scare away weaker hands. By the way, took some LU at 51 1/2 after hours. Care to comment? panic_mob

To: Yougang Xiao who wrote (85659)	1/6/2000 7:17:00 PM
From: Pravin Kamdar	Read Replies (1) \| Respond to of 1572947

Yougang, Who would have the ability to do such a thing? SOX (SP?) traders? Pravin.

To: Yougang Xiao who wrote (85659)	1/6/2000 7:19:00 PM
From: Petz	Read Replies (1) \| Respond to of 1572947

Yougang, re:<the guy who cooked the 32 price is most likely trying to scare away weaker hands by artificially inflating higher down percentage.> I think its a tax strategy. He sells the stock cheap from a taxable account to an IRA account. Then he sells at a high price from the IRA account back to the taxable account. He thus builds up tax losses which are really illegal extra donations to his IRA account. The ideal vehicle for such a strategy is a stock with enough volume to be on some broker's after-hours list, but not enough volume to have a narrow spread. Petz