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Technology Stocks : Ariba Technologies (Nasdaq-ARBA) -- Ignore unavailable to you. Want to Upgrade?


To: 10K a day who wrote (1435)11/20/2000 4:43:00 PM
From: Spytrdr  Respond to of 2110
 
it happens over and over again, since times immemorial.
they have big positions and they need buyers, lots of them, to UNLOAD them.
the process is also known as the fleecing of the flock.
hahahahahahahahahaha
oh but they also believe their own sh*t sometimes and get caught in these downdrafts.
or they hide in "JUNIPER'S $ 60 BILLION SAFE HAVEN"...
hahahahaha hahahahahaha, until it explodes too.
switches! switches and fiber optic cables will take over the world!
hahahahaha
don't forget Blodget-boy the Merrill clown was literally SCREAMING "STRONG BUY/MORTAGE THE HOUSE/SELL THE KIDS IF NECESSARY" for INSP at... $ 138 ($ 25 billion market cap, annual revenues at the time: $ 50 million).

___
<<topped with the STRONG buy rec's ....(must have or you're a FREAKIN' Idiot) ...from MSDW...Absolutely Incredible....>>



To: 10K a day who wrote (1435)11/20/2000 6:19:11 PM
From: Spytrdr  Respond to of 2110
 
take a look at the on balance volume:

askresearch.com

however, it's entering RSI oversold zone now, so bruised longs can expect some sort of relief soon.
the best thing that can happen though for a healthy resolution of this collapse is for that gap at $ 60 to fill as soon as possible and get over with it (http://www.spytrdr.com/ARBAnov7.GIF).
if the stock rebounds without filling it, it will keep "haunting" the stock and might revisit it in the future.
this is the best case scenario.
let's not consider the other possible scenarios for now.