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Strategies & Market Trends : BFT: Will the tulip craze ever break down? -- Ignore unavailable to you. Want to Upgrade?


To: Pancho Villa who wrote (314)4/13/1998 5:14:00 PM
From: put2rich  Read Replies (2) | Respond to of 650
 
Pancho or all,
About 2-3 weeks ago some bot tons of calls. Who are hurt/win if stock closed this week at the current or higher price? Who are those call writers? If the call buyers can manipulate due to low volume I guess the call writers can do the same?



To: Pancho Villa who wrote (314)4/13/1998 6:04:00 PM
From: Ploni  Read Replies (1) | Respond to of 650
 
Off-Topic: I covered ZONA Thursday for a $400 profit. Whoopie! It's insane that the stock hasn't dropped below $1/share, considering the seven class-actions filed against it. What makes one stock tank, and others stay afloat or go up? "Supply and demand" can't be the sole answer.

CNBC just reported the NASD penalized some market makers for manipulation during two options expiration days in 1995. The people involved were fined $100,000 and will be suspended for 30 days. Big deal. They probably made millions of dollars.

I think the best idea is to avoid NASD stocks. I lost a ton of money, and it was all on NASD stocks. Cityscape was a NASD stock. As far as I'm concerned, the class-action lawyers who are suing Cityscape and its insurance company should also go after the NASD.

Pancho, maybe I should look for a "good short" (like my earlier pick, LAMR) and you could go long on it. Likewise, you can identify another "good short" (like this BFT) and I'll go long on it. That way, we'll both make money.