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Technology Stocks : ASML Holding NV -- Ignore unavailable to you. Want to Upgrade?

To: Michael Ohlendorf who wrote (356)	3/12/1998 3:25:00 PM
From: Jim	Read Replies (1) \| Respond to of 43266

ASMLF played it smart by splitting the stock at this time. This will probably delay the downward spiral by a week or two. CPQ did the same thing. They announced a split when they were stuffing the distribution channels to inflate their earnings. CPQ eventually crashed when they had to warn the investors. But in the case of ASMLF, I don't know if they have to warn the investors because they may not be concerned about subsequent lawsuits (for inflating their stock price), because they are not based in the US and may not have to abide by the rules here. The way they have been manipulating ask and bid prices in the past few days suggests that a downward trend may be coming. Often, there is a large gap between their last trade, bid, and ask prices (these are usually very close for most stocks). A large sell order only fractionally reduces the price while a small buy order increases the price substantially.