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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (2026)	1/8/1999 2:47:00 PM
From: RocketMan	Read Replies (4) \| Respond to of 41369

This price action reminds me of an old penny stock trick used by slimebag OTC MMs. You walk the price down just a little bit day by day, counting on the fact that most investors are impatient, and will eventually get frustrated and sell. A few sales become more, and selling pressure begins, leading to more frustration and more sales, with the shares being scooped up cheaply by the MMs. When the selling pressure subsides, the MMs run the price up, and create a buying panic, selling those same shares to the same investors for a lot higher. Obviously, something so simple does not and can not happen on the NYSE, right? Instead of MMs they have impartial specialists, and huge investment houses. But if they work things right, the big boys can still time their trades to gradually lower the price to the point where the little guys sell, at which point they grab them up. This might be particularly effective if done at a time of normal consolidation, when the volume is down. Not saying this is happening, just that this is sure looking like, walking like, and qwacking like a duck. Still looking for 180 by the end of the month.