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 : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Newman who wrote (3912)	6/2/1998 7:42:00 AM
From: Nimbus	Read Replies (1) \| Respond to of 21143

How many share's are owned at $4-$5 ? I've never been able to determine the ownership at each "level" but it seems to me that with the volume we had above $4 that there are a lot of people sitting at a double digit loss position this morning. This usually leads to more downside. Also many stops are likely sitting about mid $3's that the MM might pick on today. Thoughts anyone ?

To: Ed Newman who wrote (3912)	6/2/1998 8:05:00 AM
From: Arthur Tang	Respond to of 21143

Thank you, ED. Technical breakdown on low volume; is market maker's fault. Market makers move price up to get investor to buy. Market makers pull back to get stockholders to sell. When inexperienced market maker tried to steal business by lowering ask price to 1/32 above bid; he showed his hand. He does not have enough buyers. This usually happens to small local market maker with limited following. Let the leading market maker set the price, and be his stock pool. The effect of lowering ask price is a defacto pull back. CCUR will either experience dumping or the buy order at the other market maker will continue to support the price back to its former resistance. One market maker can damage the stock, but he does not have the whole market. Stockholders have to wait a few days, until the smoke clears up, to make any decisions. The concept of two accounts, buy low and sell high for trading is bad for the holding account, can be tricky. If dumping happens, those who bought now by pushing down the price, will suffer some losses when CCUR pulled back to $2.