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

To: Bert Herman who wrote (105444)	4/14/2000 10:15:00 AM
From: Joe NYC	Read Replies (1) \| Respond to of 1572171

Bert, So do I. I can't see how you can manipulate a stock for 6 or 7 days which has an underlaying uptrend this strong. Am I wrong when I think you can only hold a stock down by selling it in rather large quantities. With the volumes we see the last days, these quantities must dry out sooner of later, even for the big boys. You don't believe in the big boys meeting in a smoke filled, dark room planning the stock movement for the next day? But it's like saying there is no Santa Claus. But then Who are we going to blame the next time we dump a truck load of calls on a market in a single day, and - SURPRISE - the stock goes down? Hey, I want to believe in the "big boys". And Santa Claus. Joe

To: Bert Herman who wrote (105444)	4/14/2000 2:25:00 PM
From: chic_hearne	Read Replies (2) \| Respond to of 1572171

Re: I can't see how you can manipulate a stock for 6 or 7 days which has an underlaying uptrend this strong Bert, This is the exact question I posed to the people claiming this would happen. I've always heard of this theory, but it doesn't make sense to me. Say we only do 3,000,000 shares at average of $70, that's $210,000,000 per day the next 6 days. Even if someone had the money to drive the price down, would it be worth it? Wouldn't you waste more money shorting the stock to drive it down than just taking your lumps in the options? chic