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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Nazbuster who wrote (15209)	2/26/1999 10:12:00 PM
From: genejockey	Read Replies (3) \| Respond to of 122087

Daniel, here's my take on RAJA and OMGA There's probably a couple of angles to take here, but it would seem to me that RAJA was accumulating and propping up the price so that he could later sell those shares into the run (RAJA bought the majority of his shares in the 10 - 11 1/2 region -RAJA bought alot in the 10 range yesterday-). The run went as high as 13 1/4. As I mentioned before, I saw RAJA offering in the 12 range during the run. However, I wasn't for the most part paying too much attention to the sell offers. In addition, although RAJA posted his bid, It's reasonable to think that RAJA was also selling to the bid during the runup since he accumulated shares at a lower price. Since RAJA was often posting the best bids it was obvious he was buying and "showing" a price to sellers, but it's harder I believe to tell when RAJA might have been selling (ie. I can sell to a posted bid without revealing my identity)... He could have been discretely unloading shares throughout. Also, I don't want to give the impression that RAJA bought the majority of OMGA shares... rather he propped up the price long enough by buying a good amount of shares. For example, when RAJA was parked at 11 1/2 bid for about 25 minutes today, people often jumped in front of him a bit on the bid or also bid 11 1/2... but there were quite a few times when everybody dropped their bid EXCEPT RAJA... so during that time period, RAJA may have bought (wild guess) 15% of the shares at 11 1/2... but he was successful in preventing OMGA from losing momentum by not allowing it to drop under 11 1/2. That's the key part, if OMGA lost 11 1/2 at 2:45 today, then it's run probably would've been over, but instead it continued in large part IMO due to RAJA and LEHM. Another point is that when the frenzy occured, they walked up the bid it seems and bought some shares at higher prices BUT, by then, you had momentum buyers jumping in and quite a few people started to post bids alongside and in front of RAJA and LEHM, at those points they (RAJA/LEHM)seemed to back off their bids (and probably started selling).... however, if the high bids started to drop off significantly, RAJA or LEHM would be back to post up the high bid again to prop up the price during points when it seemed OMGA could head south. Then people would notice the price holding and another surge of bidders would build up to jump in front of and along side RAJA and/or LEHM (and presumably, RAJA/LEHM would be selling to these newly suckered in "high bidders"). I think the most telling thing was RAJA and LEHM's actions around 2:45, while others dropped their bids, they kept it at 11 1/2 and wouldn't budge from it at a time when "normal" traders would've said, "OK, it was at 11 3/4 a little while ago and now dropped to 11 1/2 and everybody is dropping their bid down now from 11 1/2 so I should drop down too to pick up shares at a better price"." Instead, those 2 mm's held it at 11 1/2. So anyway, I don't want to give the impression they were buying shares all the time, rather, RAJA and LEHM posted high bids at critical points where it seemed that OMGA could lose momentum and thus kept the momentum going---- Not Howie