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


To: jttmab who wrote (5552)7/17/1998 8:16:00 AM
From: Michael G. Potter  Read Replies (1) | Respond to of 16960
 
There's been a great deal of posting about market makers and option traders "controlling" the stock. While there is some influence that they do have, I doubt they're responsible for yesterday. Looks much more like "buy on rumour, sell on news". There seem to be many aggressive traders in this stock. Aggressive traders use margin and want quick returns. They buy and sell creating momentum. Yesterday, the momentum was down.

Michael