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.

Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (999)	4/10/1998 12:59:00 AM
From: drakes353	Respond to of 2506

Hey John: Amazing volume. What I'm wondering is who is playing backstop to all these shares? If it's someone that knows what's going on with the converts (you'd figure they do if they are buying a big chunk of shares) then why don't they just step aside and let the thing crater and then start buying. Don't know whether or not the involvement of the specialist is muting the impact of the converts here. Mandate to maintain an orderly market and all that. Guess we're kind of in virgin territory here what with this being an NYSE issue. Will be interesting to see how it plays out. Those NASDAQ market makers are much kinder to us the way they all seem to take a powder whenever convert selling takes place over there. drakes353

To: Q. who wrote (999)	4/13/1998 10:40:00 AM
From: Candle stick	Read Replies (1) \| Respond to of 2506

In case you missed it IMPORTANT news from Friday: Friday April 10, 12:35 pm Eastern Time SEC approves new stock market circuit breaker levels WASHINGTON, April 10 (Reuters) - The Securities and Exchange Commission said on Friday it had approved new circuit breaker trigger levels for one-day declines of 10, 20 and 30 percent in the Dow Jones Industrial Average. The new levels, which go into effect on April 15, were proposed by the securities exchanges and the National Association of Securities Dealers to modify their rules on cross-market trading halts during extreme market volatility. The new levels were approved late Thursday by the agency. Full report here: biz.yahoo.com The government is finally going to pull the plug on this speculative bubble market.....removing the circuit breakers is the first step. Guard your profits...........;^)