SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?


To: Montana Wildhack who wrote (6230)12/18/2000 3:50:56 PM
From: Joe Krupa  Respond to of 14101
 
Touché Wolf, as Rebecca so eloquently put it.

Make that $8.30



To: Montana Wildhack who wrote (6230)12/18/2000 4:24:37 PM
From: Joe Krupa  Read Replies (2) | Respond to of 14101
 
Sorry all, for keeping so heavily on this issue, but it really is the story of late. In very clever fashion, TD shook 46,000 shares out of the market today.

The sequence of their plan was as follows,

1) help take the price up on light volume to the mid 8's
2) be on the inside bid at 4.45 for 5,000 shares.
3) as trading slows, whack your own 5,000 shares, plus a few, to create what appears to be a reversal and downward momentum.
4) place large bids at increments going down to 8.10 and let momentum do the rest. Very simply, those bids worked like dominos, in the sense that each time one was hit, it created an illusion that people were getting out. This made the next lower, big bid seem like an opportunity to get rid of a larger position (something that has likely seemed tough to do in the last week with the low volume).

Please see next post for today's house positions and trade history.

Joe