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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (30629)	10/7/1998 1:29:00 PM
From: Jan Robert Wolansky	Read Replies (1) \| Respond to of 94695

LG, thanks, the article is quite good--the ability of the specialist to short the hell out of a stock without regard to the uptick rule gives them a tremendous advantage.

To: HairBall who wrote (30629)	10/7/1998 2:58:00 PM
From: James F. Hopkins	Respond to of 94695

LG; I found a mistake in the way that guy was looking at pegging, ------------------------ RE January 20, 1997: Here is yet another example of price pegging, lasting 10 trading days in a row. During the 10 days AT&T stayed between 38 and 39. This occurred while the Dow was moving from 6567.18 to 6883.90 or 316.72 points. That is an average of 10.56 points per stock. STOCK: AT&T CLOSINGS FOR THE WEEKS OF: January 6 - 24 M: 39.62 T: 38.87 W: 38.5 Th: 38.75 F: 38.87 M: 38.62 T: 38.87 W: 38.87 Th: 38.37 F: 38.25 M: 38.37 T: 39.37 W: 38.87 Th: 38.00 F: 38.50 ----------------------------------- Just note his 6567.18 to 6883.90 or 316.72 move he extrapolated that to be 10.56 per stock, But he forgot that the Dow is weighted, the move in each stock price would only be 2.64, to obtain the 316.72 move in the Dow. Each 1 point a stock gains or losses in the Dow will effect the index approximately 4pts. What he apparently did was just divide the index move by 30, he did that in more than one place. -------------------- I'm not saying pegging don't happen, I believe it does, just that his examples are a bit extreme. Jim