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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: drjoedoom who wrote (15)	8/3/1998 2:26:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 1438

Dr. Doom, you should really note in HEC last Friday's last few minutes rush to bring the price up to 3.75, the volume going through there (an uptick of course) and then todays action of giving back all these "false" gains. The same happened about two weeks ago, when HEC first breached $4 (to 3.75) and then suddenly from nowhere, the price was "brought" to $4.5 and the uptick allowed additional shorting. I cannot prove who were the perpetrators, nor that the price was brought up for the purpose of shorting, but I draw my conclusions. You are a reasonable person, draw your own conclusions. Zeev