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.

Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (22768)	3/28/2000 6:16:00 AM
From: Ron McKinnon	Read Replies (2) \| Respond to of 53068

Sue last night there were only 2 "crack" plays, ie, ones that hit the channels PPOD and AWEB PPOD went on a buyout rumor went from 2.875 to 3.75 I think as a high it fell back to 3.375 many/most of these are front run set ups someone (or a group) buy the stock heavily before the close then they do a bunch of trades between themselves to "paint" the island most active list and to get the symbol running accross the CNBC after hours ticker this gets retail buyers to come in as soon as that happens and the price goes up you can often see the front run group hitting the ask hard to bail often a stock falls back a bit, then if it gets a CNBC "Boland" mention, ie, the most active it will spike up a 2nd time then drift down for the rest of the AH session as retail bagholders sell off, taking losses I'm not saying that is what happened last night on PPOD but 90% of the time that's the drill during the day PPOD traded about 400,000 shares within a 1/8 range AH on only 100,000 it went up 30% there is a message there it is a suckers bet unless you can hop on early and fast then sell for a scalp I am not very good at hitting this crap long so what a few of us do is wait for the second spike, then short the issue if you were to keep track of these I'd bet that 95% of them end up much lower one to five days later many fall right back to to the low where they started