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Technology Stocks : 3DFX -- Ignore unavailable to you. Want to Upgrade?

To: Intel Trader who wrote (4232)6/18/1998 11:52:00 AM
From: Chip Anderson  Read Replies (1) | Respond to of 16960
 
IT,

First off, I appreciate your reports and insight. Please keep up the good work. (BTW, I can't believe that someone would privately email you for level 2 quotes on the side - amazing!)

_Analysts_ make decisions for a wide variety of reasons - some logical, some not. Based on comments from "2121" on the MF board, it seems to me that the MONT trading desk learned on the pending downgrade yesterday morning and have been unwinding their positions ever since. Comments like "MONT is selling big" "MONT has a big seller" "MONT is hitting the bid instantly" are what I'm referring to. Please let me know if you think this is incorrect.

In terms of MONT as a MM, you need to review the history of the stock back before DLJ got involved. The spreads were very large and the intraday price patterns very suspicious.

Chip



To: Intel Trader who wrote (4232)6/18/1998 12:34:00 PM
From: Tunica Albuginea  Respond to of 16960
 
Intel trader, good point. Today's market makers are simply a remake of 19th century old " stock pools" or " stock pits ". A way to skin the little guy: "buy high, sell low" .They of course do the "sell high buy low"

TA


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