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To: victor pan who wrote (19337)7/17/1998 6:00:00 PM
From: Steve Porter  Read Replies (2) | Respond to of 45548
 
victor,

What happened to keep the stock down was this:

Everytime it jumped up a bit, the MMs sold into the market, with a 1/16 lower ask.. and down and down.. filling the market with little 100 share orders.. but they still count for the price at the end of the day. On Monday it will pop, wait and see.. that will be the proof.

Steve



To: victor pan who wrote (19337)7/17/1998 7:25:00 PM
From: joe  Read Replies (1) | Respond to of 45548
 
Victor and all,

I don't have enough option expertise to know what you
all are talking about, but Wayne and I, a few days ago,
were specifically talking about a lot of stop buy order
at around $31. Supposedly, when the price hits there,
we will gain good momentum and test that resistance
point....we could go a long ways.

Some money managers don't want to see the price fly...
there looking to keep buying the stock cheap.

Is this relevant?

joe


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