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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: microvestor who wrote (8029)6/11/2000 2:25:00 PM
From: BWAC  Respond to of 8358
 
I've seen such occurrences frequently lately. A 100 or 200 share trade out of the blue, well afterhours.

Then the next day, the stock opens up at the "real" closing price, showing a nice red down $1. Thus giving the illusion of weakness.

Its someones attempt at keeping the price down. In my opinion.

I saw it happen to SCH first about 2 months ago. Only it was 100 shares traded up $2. Next day all the talking heads on CNBS were reporting how SCH was weak, down $2.



To: microvestor who wrote (8029)6/12/2000 8:19:00 AM
From: Bald Eagle  Respond to of 8358
 
It's called "painting the tape" intended to get the small investor to buy and sell at the most inopportune time, IMHO. The CS market makers have been doing it ever since I started following this stock over a year ago and probably before.



To: microvestor who wrote (8029)6/12/2000 9:39:00 AM
From: BWAC  Read Replies (1) | Respond to of 8358
 
CS down 1 1/4 right on schedule. All thanks to the bogus close.


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