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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Ex-INTCfan who wrote (6698)10/9/2000 12:57:05 PM
From: Dealer  Read Replies (2) | Respond to of 65232
 
RMBS--Just one person's stolen opinion........

I agree that the Infineon filing is a factor...it's just one more uncertainty, and the nervous NAZZ amplifies that.

But I don't discount the manipulation factor in today's trading. The MMs have fairly good idea of the the proportion margined, and where lie the stop-sells. And as surely as some intent to make money watching RMBS go up, so on days like today a good deal of tree-shaking is going on.

The volume is not that great... and I wouldn't be surprised if more than half of it was simply stop sells triggered this morning, owned by folks who aren't at their screens.