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To: Jane4IceCream who wrote (1620)3/29/2000 1:46:00 PM
From: Esway  Read Replies (1) | Respond to of 5499
 
RE<<What is weird is that AMTD usually follows EGRP close yet today there is support at 23 which tells me maybe...just maybe...something is brewing there???
>>

Yesterday's action was very similar in AMTD also. EGRP pulled back close to 2 points yesterday and AMTD hung right at 23 like today. With 45% of the float short there has to be some nervous shorts when they watch that kind of action.



To: Jane4IceCream who wrote (1620)3/29/2000 1:56:00 PM
From: BWAC  Read Replies (1) | Respond to of 5499
 
<What is weird is that AMTD usually follows EGRP close yet today there is support at 23 >

A pattern that I think is developing:

AMTD has huge short interest, those who want AMTD down, can't borrow more shares to short. So what's the next best way to keep AMTD under "control"?

Answer: Beat EGRP down and hope AMTD follows.

2 weeks ago AMTD ran to 22 or 23. EGRP could not get in gear and stalled at 27. EGRP was held at 27, AMTD eventually within 2 days broke back towards 19. EGRP held at about 25.

Watch that spread between EGRP and AMTD stya around 5 or 6 regularly. Control one, control the other.