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 : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (9948)	6/11/1998 11:07:00 PM
From: Allan F	Read Replies (3) \| Respond to of 18691

AMZN: Any one following it? It is defying all my logic. I am short from $40 and am trying to decide wether I should average up or save my margin for a further run. Thoughts? -Allan

To: Roger A. Babb who wrote (9948)	6/11/1998 11:14:00 PM
From: Lazlo Pierce	Read Replies (1) \| Respond to of 18691

Well I found the post I was looking for. Also in searching I reread many that talked about Datek's role in the shorting of KTEL, with many allegations of Datek allowing basically unlimited shorting (which makes sense since it seems Datel allows you to short anything ("cept ENMD), but shortly after this post came out, Datek stopped allowing KTEL to be shorted. ************************* To: stockhopper2 (1209 ) From: Yiwu Zhang Thursday, Apr 30 1998 10:25AM ET Reply # of 2102 This is one more interesting post from Yahoo thread about KTEL shorts and DATEK. I hope today's KTEL stock movement has nothing to do with this compliant, or is there? On Shorting With DATEK by abransco Apr 30 1998 1:46AM EDT I called Datek today to complain about the manipulation of Ktel's share price: detailing specific trades that indicated a succesful effort to staunch the fall of Ktels share price. I spoke with a Mike Gabriel in the trading department who was polite, but nervous. He told me that DATEK is not a Market Maker, and thus could not be involved in share price manipulation, which he did not dispute. However I explained that the Ktel threads made it clear that DATEK was the principal broker that supplied shorts, and that the price was being manipulated to allow succesive waves of DATEK clients to be squeezed three days following each major price drop. The DATEK representive became extremely nervous and made strange, choked, throat clearing noises.I asked him if anyone associated with DATEK was taking significant short positions in Ktel, in order to take advantage of the unique information that their brokerage obtained from their clients orders. The odd thing was that he in no way denied that this was going on, but simply asserted that the trades of DATEK employees are not public information. I asked him to let his superiors know that the manipulation, and DATEKs dominant position as a short broker were being widely discussed on the net, and that the companies name was going to suffer if it made money at the expense of its clients. It was a very odd and disturbing conversation. I thought some of you might be interested ********************** Dave