Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : New Focus, Inc. (NUFO) -- Ignore unavailable to you. Want to Upgrade?

To: sam who wrote (257)	2/14/2001 4:41:10 PM
From: ahhaha	Respond to of 475

All the big blocks except for one, 250k at 40, were market orders to sell. It is surprising for several reasons. One is that the sales were done on pretty good concession of about 3/4 each, but the market didn't even blink and the next print was at or above the previous sale. This indicates no desire to chase excessively, but strong hands underneath if anyone would like to sell. The sales were done in an environment of little belief. Most are looking down because that's where they know it will go, so the attitude is, "I won't buy unless you do, and I know what you will do because you're stupid". They won't start chasing until it gets to 55. Two, the sales were done as though they were fiduciary executions. Maybe option related or insider related, and possibly fundamentally related. The latter conclusion would be consistent with a sudden and unexpected block dumping AFTER the stock dropped from 45 to 35, as though someone got the word over the whisper circuit. That is, the explicitly illegal circuit that the SEC never can track. Actually, the SEC doesn't choose to track it. They prefer to pursue guys like the college student trader who guessed correctly that EMLX was a fraud. The market in EMLX dropped 50 points in several hours. That doesn't happen from rumor mongering in chat rooms. There were plenty of guys on the inside in December who knew EMLX orders were slowing and they pulled their bids. The stupidass SEC chased down a culprit to show how tough they are and how they will get "law breakers". Meanwhile, the "law breakers" go Scott free.