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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (8675)	1/11/2000 9:40:00 AM
From: DiB	Read Replies (1) \| Respond to of 17183

What do you mean by "demoralize Longs"? Are you saying that less parties will go/stay long if the stock finished up not by 5 but by only 3 points? To me it sounds silly...

To: JDN who wrote (8675)	1/11/2000 11:55:00 PM
From: Bill Martin	Read Replies (2) \| Respond to of 17183

Re: On the NASDAQ where its the wild west often MM's will DELIBERATELY lower the ending price to demoralize Longs (when there are a lot of shorts trying to cover cheaper) and to reduce the likelihood of the following days price continuing to soar. Gee, maybe Martians are involved in this conspiracy too? A lot of stocks have extremely high volitility on the after market hours where newbies are trading after they come home from work and there isn't a massive institutional trading base or a specialist to keep the market "orderly". I'd be amazed if EMC didn't show sharp swings occasionally at/after the close given that it's a momentum stock with a rabid following. Bill