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 : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?

To: Rosemary who wrote (3000)	3/12/1998 10:39:00 PM
From: AlienTech	Respond to of 6317

>>Being that you're in the business, maybe I can quiz you a bit. Wouldn't short sales make the trades look the same, like the look of questionable trading? I too go over and watch the trades and its not just JBIL, but others also. The MM's couldn't be doing this all over the place and get away with it so much, or am I being naive?<< One of the things MM's do (anyone who deal in stocks with a license) is to short you the stock when the price is going UP. Then they recover it by buying it on the way down. Just how do you think all these brokers beat estimates so well the past 2 q's. A print for a MM short looks like a regular sale but a short by you would be a sale at the ask after an uptick in price. If you noticed someone pulled a sell order this morning and it dropped the price on everything but the volume picked up quite a bit. I tried to get some at the bid but no go which means someone dumped a small block and it dropped the price and people jumped to buy it but the MM's didnt want to raise the price in case someone else wanted to dump (maybe) and were not willing to sell at the lower price. During a tanking the bid/ask will be very close. When there is no agressive buyers/sellers the spread will be large.

To: Rosemary who wrote (3000)	3/12/1998 10:41:00 PM
From: Muhney	Read Replies (1) \| Respond to of 6317

Hi Rosemary.. And thanks for the warm welcome. Here is my take on the whacky executions that we see. First JBIL has a very thin float, so any accelerated buying or selling really creates havoc. You might see a bid of 41 1/8 and an ask of 41 1/4 with a size of 1000 X 1000. If my trade is more than the size it will be filled at the next offer. Or if Morgan Stanley is bidding 40 1/8 for a size of 1000 with an AOK order anything less will get filled at the next bid. I have seen many 1000 blk trades as much as 5/8 away from the market because of this. Market manipulation? I don't think so...some shrewd traders from some of the major institutions is the more likely scenario. You wouldn't be able to tell a short sale from any other sale, unless you were on the wire. Again just my opinion.. Muhney