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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (42457)	5/15/1998 6:37:00 PM
From: Geoff Nunn	Respond to of 176387

LT, I agree with you about the MMs. You point about the MMs tripping stop-loss orders also applies to NYSE specialists, IMO. This most often occurs on bad news, or rather superficially bad news, and at the open of trading when an excuse is available (i.e., the overnight Asian markets are down). In these situations they are able to briefly drop the price, just long enough to clear out the stops. Again, JMO.

To: Lucretius who wrote (42457)	5/15/1998 6:42:00 PM
From: S. Chiang	Read Replies (2) \| Respond to of 176387

LT, you are too naive to know the power of MMs. Before you have supper tonight, please thank God for giving you another chance today to cover your short at a lower price and please do cover it first thing Monday morning at the market open. Re: << I urge all of you to resist the temptation to buy all the way down. It is going to get ugly. >> I also urge all of you bears to resist the temptation to short all the way up. It is going to get ugly.

To: Lucretius who wrote (42457)	5/15/1998 7:43:00 PM
From: J. P.	Read Replies (1) \| Respond to of 176387

I admire your tenacity in the face of facts, only hope you covered your short positions today while it was easy. Or you will be forced to cover at a loss later on, unless you can handle the squeeze between now and when we have our annual Nasdaq swoon. I bought more calls today. I've seen this before with Dell. Remember right before the split when dell was aroun 115 pre split and it dropped 8 in one day? Well hello, that was about 65 points ago. Sure, the Nasdaq will fall sometime, maybe this summer. It falls every year like that. Dell will take a dip along with the rest.

To: Lucretius who wrote (42457)	5/16/1998 12:25:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

Evening Lucretius, I have to agree with you on that point. It's always easy to blame price movements on market makers' manipulation. To paraphrase the Bard, the fault dear friends is not in our selves, it is in our market makers. [Apologies to Shakespeare] Unfortunately, nobody on the thread suggested that the insanity was the rapid runup of the past week. Clearly the stock was trading on the basis of momentum investors, and I've previously likened this to a game of musical chairs. But a year or two from now it will be a dim memory, lost in the blip of an ancient chart. So where is your promised post in anwer the funadamentals challenge? TTFN, CTC