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Pastimes : Richard Ney and the Wall Street Gang -- Ignore unavailable to you. Want to Upgrade?


To: BenYeung who wrote (134)1/28/1998 8:53:00 AM
From: ccryder  Read Replies (1) | Respond to of 492
 
There was a post on one of the JBIL boards describing the action a few days ago when JBIL popped. It looked like someone was intentionally buying a million shares in a pattern that was designed to drive up the price. I puzzeled about that for a few days until I remembered that a lot of these guys deal from two decks. He wanted a profit for his private pocket while charging his other, perhaps retail, pocket the inflated price.