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To: Lucretius who wrote (5480)11/19/1998 10:32:00 AM
From: MythMan  Respond to of 14427
 
Corrections are 2 week annoyances and BK's are a hoax.



To: Lucretius who wrote (5480)11/19/1998 10:54:00 AM
From: 007  Read Replies (2) | Respond to of 14427
 
The internuts are showing unusual weakness this morning.
The market may be ready to tank.



To: Lucretius who wrote (5480)11/19/1998 12:46:00 PM
From: Peter V  Read Replies (1) | Respond to of 14427
 
If I had a nickel for every time I've heard you say this stuff . . .

CRASH is comin, and it cometh right soon! (G)

this pig is nearing bomb territiory.

gold could break out at any time....

have to agree, either way he goes, we drop.

look out below.......

I suppose I have to give you credit for your convictions, though. Have you tried using Windex on that crystal ball? <g>




To: Lucretius who wrote (5480)11/19/1998 2:39:00 PM
From: Copeland  Read Replies (2) | Respond to of 14427
 
Some musings off of Yahoo about E-Bay. Although the technique is sound, whether or
not the information provided is what's actually going on is unknown.

Internets = Small floats = Death to shorts

Msg. 4087

I GOT SOME INFO FROM AN INSTITUTIONAL TRADER ABOUT EBAY. NOV 11TH DONALDSON LUFKIN JENRETTE DOWNGRADED EBAY FROM A BUY TO MARKET PERFORM AT $130 A SHARE. THEY HAVE A TARGET OF $100 A SHARE FOR END OF 1999. THE NEXT DAY EBAY TESTED $112 A SHARE. THE REASON FOR THE RUNUP THE PAST FEW DAYS IS STRICTLY A SHORT SQEEZE. THE GAME OF THE SQUEEZE IS STRICTLY SHORTLIVED- THE PROFESSIONAL TRADERS BUY THE STOCK IN SPURTS AND PUSH IT TO HIGHER LEVELS BY ONLY OFFERING 200 TO 500 SHARES AT EACH LEVEL. THE TRADERS THEN MOVE THEIR STOCK FROM MARGIN ACCOUNTS AND PUT IT INTO CASH ACCOUNTS WHICH CAUSES THE STOCK TO BE UNLOANABLE. THIS TRIGGERS THE BROKERAGE FIRMS TO FORCE CLIENTS WHO ARE SHORT TO BUY IN TO COVER THEIR SHORTS. THE TRADERS KNOWING THAT RETAIL CLIENTS HAVE TO PURCHASE BY THE END OF THE DAY TO COVER THEIR SHORTS ONLY OFFER LIMITED AMOUNTS OF STOCK ON THE WAY UP. THE REAL CATCH TO THIS IS THAT THE TRADERS WHO MOVED THE STOCK OVER TO THE CASH ACCOUNTS ARE SELLING THEIR LONG POSITIONS ALL THE WAY UP TO THE SHORT COVERERS. THE TRADERS ARE THE ONES WHO ARE SELLING AT THESE LOFTY LEVELS. THIS SELLING OF THEIR LONGS TO THE SHORTCOVERERS CAUSES LONG STOCK TO GO BACK INTO THE MARKET. THE SHORT SQUEEZE WILL END AS SOON AS THEY SELL THEIR LONGS TO THE SHORTCOVERS AND THE FALSE BUYING PRESSURE WILL SUBSIDE. LOOK OUT FOR THE DOWNDRAFT NEXT. AFTER THEY GET RID OF THEIR LONGS YOU WILL SEE SHORTLY SOME MORE DOWNGRADES OR VALUATION CONCERNS COME OUT OF THE INSTITUTIONAL HOUSES WHICH WILL GENERATE SELLING PRESSURE. IN THE ABSENCE OF THE FORCED SHORT COVERING THE STOCK SHOULD RETEST THE $110-112 RANGE AGAIN. THIS IS JUST A BIG GAME FOR BIG PLAYERS!!! I HOPE THAT THIS WAS HELPFUL TO EVERYBODY. DON'T LET THE BIG BOYS MAKE ALL OF THE MONEY. I WILL BE BUYING AT $110- 112 AGAIN WHEN THE PROFFESIONALS GET BACK IN..

Msg. 4086.

I am professional trader. I have been playing ebay for this squeeze. I am not long anymore since this morning's spike. Yesturday the brokerage houses sent the notices to cover the shorts by the end of the trading session. If the clients did not cover by the end of the day the brokerage margin dept. forced buyins this morning. That is why the heavy volume 1.6million happened so fast. The squeeze is over and the next move is more than likely a free fall. As you noticed today how fast it went from 155 to 141 13/16. What is going to happen next is the bids are going to be very small 100- 300 shares on the way down. It is going to be very hard to get out of this one with any size. As soon as this thing starts selling off, the people that have been long planning how great a christmas it is going to be are going to panic sell to lock in some of their gains. The market makers are not going to step out on a limb to support this price level. This is a game for big boys that are unemotional! Based on my knowledge, the people who have access to insti-net are going to short this thing after market hours close. Good luck. Current price $149 target $100 in 2 weeks.