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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (47091)4/24/2000 12:25:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
Maybe, but I don't think so... I think we're going higher after the markets shake off that big drop from two weeks ago.....

GZ



To: William H Huebl who wrote (47091)4/24/2000 7:58:00 PM
From: robnhood  Read Replies (1) | Respond to of 94695
 
Hi Bill---

Fleck said this today, and from where I sit , I must concur with him.
<<f I didn't know better, I would swear that somebody was actively manipulating the tape. In the past, I
have mused about who might be doing such a thing. It appears to me that it's almost inconceivable that
some level of manipulation is not going on someplace, especially when one considers how the futures
are always propped up just before the opening in New York and they get jammed at the close, the same
way stocks are jammed all over the place. I guess we'll never know until after the bubble bursts and the
subpoenas start flying. >>>

I think that it is some very large hedge, and mutual funds, who have got to be hurting bad when super caps like MSFT, drop 13 points in one day.

I remember years back in the oil market. I was a real green horn pro, and got talked into buying this "Sure Takeover" at about $10 a share. Well day after day the oils would sag and it didn't act to well , but all of the guys were in it, so they would talk me out of selling it. On the close it would be jacked up, so that it looked like it was holding in OK.. To make an already long story short, it went eventually to zero. I swore after that that any chart that looked like a bunch of Tees , was a stock to stay away from.
This market is starting to get that look, IMHO.