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 : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Olu Emuleomo who wrote (24660)	12/10/1997 3:20:00 PM
From: James H. Irwin	Respond to of 176387

With Asis, Veritas has little exposure directly. But as a subscriber to the notion that everything to an extent is interrelated...for example...my selling short and posting...and you picking up on it and now we are having an online discussion, whereas we probably were separated by at least 3-4 degrees of separation (a guess) before today. <<I say Market makers are just collecting cheap stocks!! Oops, Off topic!>> Anyway to get back on track...stocks were meant to be traded. The role of a marketmaker for NASDAQ is to make a fair and orderly market...drivel. For brokerage firms like Montgomery, Robbie Stephens, Goldman, Merrill, it is to trade as much as possible. To posture and grab as much spread from each trade as possible...that is what their bonus pools are typically tied to. Furthermore, depending upon your experience you will know that many times the seller of a stock is the one on the bid...likewise...many times the buyer of a stock is the one on the offering trying to hold the stock down. If you don't follow, I'll explain later...I will assume you do though. So I'll move on. As for Veritas, I looked at the chart, the stock was up on a medium spike, the stock is rich multiplewise and if a group of salespeople were obliged to tell their customers that maybe they'd scale out of some Veritas, we could always buy it back cheaper, I am going to take that into consideration. Especially with all the rumblings going on in the market. Asia, Korean debt offering shelved today (insufficient buyers), and any other rumblings going on. Don't get me wrong. This is still the market of choice, safe haven status, etc. But at some time the tech stocks get unraveled. I've been there first hand. Somebody always knows. Maybe there is nothing to know in VRTS, I'm just playing percentages and recurring chart patterns combined with valuation ratios/multiples. I don't know of anybody who doesn't like the stock...at least in the West Coast investment community...I was just trading it like the piece of paper it is. Hopefully, the stock comes back to support and resumes its upward trend (long term). Bon Chance. Jim