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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Amigo Mike who wrote (4146)	4/30/1998 8:03:00 PM
From: Ken W	Read Replies (3) \| Respond to of 29382

Mike and amigos, Off topic but kind of fun: TONE...announced news late last night that their subsid. Orix. signed a contract with QWST to provide internet hook up, voice and video into latin america. TONE was at .87x93 with total volume on the day of 500...Now for the good part. 8K filed showed that the CEO of Orix had just been charged with several counts of internet fraud involving gaming of some sort from Las Vegas. Now it get crazy...The stock went from .93 to 2 1/8 today and closed at 1 3/4....Some folks will buy anything...even I would not gamble on that one!!! BTW RING released great earnings after the bell tonight. Should be a good day tomorrow. Ken W

To: Amigo Mike who wrote (4146)	4/30/1998 10:12:00 PM
From: LTK007	Respond to of 29382

Mike and Sergio,thanks for seconding my feelings regards Prudential Securities--my suspicions regards PS actually were started when I read a post many months ago by someone who had been burned badly by buying and selling on their upgrades and downgrades,they do,more than others,seem to be after the fact--I really wonder about the quality of their analysts.Buena Suerte,Max

To: Amigo Mike who wrote (4146)	4/30/1998 10:28:00 PM
From: LTK007	Read Replies (2) \| Respond to of 29382

Mike this fellow Goldbart1 really impresses me--here is his post regards the manipulation of DHI stock--I think he is on track------------- Next -> Message 292 of 293 Reply the real story!! goldbart1 Apr 30 1998 8:32PM EDT idolove joe and others...please read my first post of 5-7 days ago when i stated that these arbs have both sides of the coin here..this is not cons panick selling that were seeing..this is a pounding of the stock in a down ward direction...a very methodical surgical strike of pure greed... every single day with no exception for the past 10 days dhi has opened up...for the past 4-5 days since the earnings day, late in the afternoon someone is shorting or selling huge amounts of shares...500,000-750,000....possibly some of the cons for dhi stock..driving the stock into the hole...it just so happens that these same people seem to have puts and calls on the stock...right now they seem to be going after the puts...as they are driving the stock down...to seemingly eventually cash in on the puts....it just so happened to have an interest rate scare to help them, like they needed it..a 1/4% hike won't hurt the housing sector for more than a day or 2.. yesterday the only day dhi finished up..they did not late afternoon sell...look at the lower volume of yesterday..it seems that they gave the stock a "day off" to sorta unwind a bit...and it did...today everybody thought it was safe and over and a good time to buy...tremendous up volume...the stock almost hit 19.5...wow...then they came in, driving the stock down again with huge amounts of late afternoon selling or shorting...they're not finished.. it seems also that these folks really know what there doing...it also seems that we have a few more down days to come, because they have not cashed in any of the puts yet....check it out at cboe.com lets also hope that they really have both sides of the coin...because i believe the stock will go up just as quick as it went down as they buy back the shares...yesterday and today was a preliminary show of upward potential...tommorrow beware... they definately dont want to play the middle of the option..thats not where the money is for them and greed is what drives them...and also remember if the stock doesn't go up before expiration, they can always roll over their option positions.. as far as the prudential downgrade..it means 0..a total 0... hang in there...happy trails...I'm long on dhi..