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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (4720)8/28/2000 4:18:35 PM
From: GTC Trader  Read Replies (1) | Respond to of 30051
 
<< I just jumped back into HAUP at $8-7/16, it is acting extremely strong and I know think it could close above $8.5 >>

I stayed in HAUP with GTC sell at 10.

Near the close, the Bid/Ask was at 8 1/2 / 8 5/8.
Then the Ask went to 8 11/16, then to 8 3/4, then back to 8 11/16.
The Bid stayed at 8 1/2, then dropped to 8 3/8 a minute or two before close.

At close, the Datek streamer showed B/A at 8 3/8 x 8 11/16.

It looks to me like someone wanted this to close under 8 1/2 to indicate weakness.

What do you think?

TIA -- HB