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To: John O'Neill who wrote (23822)10/30/1998
From: Don Westermeyer  Respond to of 164684
 
I wonder if todays market action was window dressing for the mutuel funds...I think managers' bonuses are affected by the portfolio appearance at end of month.

There was probably some of that. I'm not sure how much. They can't do it on the 30th because the SEC scrutinizes trades on that day. I doubt many funds are selling at any rate - not with all the brokers raising their ratings (after the earnings fact - these guys are worthless). Those guys need would need bad news to slap them in the face before most of them do anything.



To: John O'Neill who wrote (23822)10/30/1998 4:18:00 AM
From: SouthFloridaGuy  Respond to of 164684
 
Today's volume was absolutely SH!tty. C'mon, earnings just "blew" out expectations, let's at least see 50% above 30 day average volume, right?

Some Wall Street bastards are sure going to hell for this manipulation.

May God have mercy on their souls and may God help those who were forced to cover today; they know perfectly well what they are doing and who they are hurting, but I guess that's the name of the game.

I'm short at $124 and will not let them pump and dump.

It's no different than RCA at $180 in 1929 guys (stock ran from $2 due to manipulation).

Good luck all.