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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Jdaasoc who wrote (25319)8/23/2001 3:44:56 PM
From: captain_midnite  Respond to of 30051
 
Mentioned on the BUS thread that margin requirement selling could be an issue if it breaches $5. More important, the psychology of a stock losing $5, as well as some restrictions on institutional ownership. If any of them are still holding a BUS ticket! So far it's held 5, but wouldn't want to call it either way.

If (more like when) INTC comes out with the expected DDR news it may provide the last flush and provide a decent trading opp. Anyone with the BUS on margin now needs to come out of the cave soon...just a nitemare.

Go to bed with lawyer...wake up with bad reputation, and big billables!

Good luck all,
midnite



To: Jdaasoc who wrote (25319)8/23/2001 6:12:26 PM
From: SBHX  Read Replies (2) | Respond to of 30051
 
there are a lot of mom and pops out there on margin tha need to be cleaned out

As soon as $5 was cracked, it seemed a quite a few asks around 4.92-4.98 popped up in island and archipelago, don't know if those are the moms and pops you mean, if so, there's probably some sad stories behind those 5000,6100 and 4500 rmbs holdings. Perhaps stop losses?

finance.yahoo.com

Bid Orders Ask Orders
Price Total Order Size Institution Price Total Order Size Institution

4.90 755 Island 4.92 5,000 Archipelago
4.87 700 Archipelago 4.93 4,500 Archipelago
4.86 571 Island 4.94 1,000 Island
4.82 1,500 Island 4.95 6,100 Island
4.81 2,000 Island 4.98 3,000 Island

SbH