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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (72215)	6/29/2001 8:58:59 PM
From: SirRealist	Respond to of 122087

Rigged? NASDy? Shirley you jest. Not to mention the schmoes, like me, who couldn't get the trading screen to work till realizing too late that I needed to use the AH trading screen. Of course, I had 6 minutes to figure it out then buy and sell, which permitted me enough time for a long nap in between. I won't touch the issue of overvaluation because everything is overvalued, except for a few undervalued; nothing is priced right. What gets me is I had a number of stocks and price targets.... 90% made those targets with huge jumps in the last 6 minutes...this was no human error of a WCOM technician. This was fraud on high, period. Only the rubes who got lucky will deny it. I'm sure Fed Chief Alfred E Neumann will say, "What, me worry?", clear the guilty and blame it on some teenage black kid needing to support his crack and heroin habits. Most blatant thievery I've seen ever, in my trading days. Go get 'em, Anthony!

To: Anthony@Pacific who wrote (72215)	6/29/2001 10:19:01 PM
From: Mark Davis	Read Replies (1) \| Respond to of 122087

The bizarre trades that took place today are really a black mark on the system. Even 'window dressing' does not explain some of the prints I saw. 12-20-13 ??? 29-60-29 ??? Wild ramp jobs that came right back down after the prints. The question is, who does this benefit/hurt. Were retail stops being triggered? Were funds passing stock between themselves to create book entry gains/losses? There's no way a fund is going to mark a 29 piece at 60 because of a few thousand share print. Or is there? I noticed many biotech's went crazy at the end there. Maybe some fund manager has been testing the product and it fried their brain. Anyhow, the SEC should be right on top of this one. Yep. I'm holding my breath right now.

To: Anthony@Pacific who wrote (72215)	6/30/2001 8:10:46 AM
From: Wayne Rumball	Read Replies (1) \| Respond to of 122087

Well I was watching the whole thing. I doubt it had anything to do with funds, or anything other than a total breakdown of the system. What I saw were most likely market orders routed to ECNs instead of market makers. I was watching the downside. That triggered stop loss orders, that were as well sent to ECNs. Lack of liquidity on the ECNs crushed many stocks. Looking at the trades, most before 5pm that were outrageous were cancelled, any identical trades after hours were not. What a mess. It'll take Nasdaq days to decide what trades should be broken and what trades will stand, and just as long for me to figure out what the hell I actually own, since I was buying anything 50% down and more the last 10 mins