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 : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: DanZ who wrote (5559)	2/16/1998 11:29:00 PM
From: moose	Read Replies (2) \| Respond to of 19079

I bought ORCL puts at the bid and ADPT calls at the bid on last friday. How did they make money on the spread if I purchased them at the bid? If you look at Nasdaq Level II you will see GSCO, COWN and other MM's buying the majority of stock. INCA accounts for a small % of the action. It's true that larger stocks are harder to manipulate but w/o a buyout rumor ORCL is heading down this week. The down trend started last monday when ORCL failed the 50% gap rule. ORCL also came back inside the upper bollinger band, another sell signal. Just trying to show the other side of the coin. Sorry!