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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: c.r. earle who wrote (6098)1/13/2000 1:50:00 PM
From: Bill Martin  Read Replies (1) | Respond to of 8220
 
Re: This stock is demonstrating the strangest trading pattern lately. Am I the only one thinking manipulation. Everytime this stock has approached $120 (and crossed it), it is sold off.

Rather than some consipiracy to manipulate, is it possible that somebody is sitting on a profit and has entered sell orders anytime it goes above 120 to take those profits? What makes a market is that some people actually think IBM is overprice at 120 (hard as that is to believe) while others think it's underpriced. It's eventual move away from this range will depend on how many $$ are sitting on either side of that disagreement.

Bill



To: c.r. earle who wrote (6098)1/14/2000 5:05:00 PM
From: Duncan Lestina  Respond to of 8220
 
Re: wild swings; simple explanation: DAYTRADERS

The daytraders know that this stock is on the upswing and are probably targeting it. It's a probably a good 'un to daytrade because they know it's not the end of the world it they get stuck with it at the end of the day.


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