Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: surelock who wrote (15260)	2/27/1999 1:47:00 PM
From: genejockey	Read Replies (1) \| Respond to of 122087

Surelock, I follow the chats of all those people you mentioned in addition to #daytraders, and I can assure you that Mex nor Merlin started the OMGA run (Mex stayed out of OMGA completely while Merlin started hyping OMGA after it got to 11 1/2 I believe). The only person of any influence to call OMGA long before the runup was Wallstreetarb on #daytraders, and when he jumped in, it didn't seem that anybody else in #daytraders lept in with him... people were pretty much on the sidelines. -By the way, the overwhelming number of vocal chatters in #daytraders seem to be short OMGA... there's a shorter of influence over there named SAM who was fairly convinced that OMGA was going to start it's dive Friday-. Instead of hypers creating the OMGA runup, I believe it was started by panicky OMGA shorters. In #daytraders, there were quite a few people shorting OMGA at the beginning of the day, so it must have been alarming to see OMGA start high about 10 1/4, then "crash" rather abruptly to 9 11/16 only to see OMGA steadily rising back to 10 1/4 (which IMO was in large part due to RAJA). You'll see that activity in OMGA picked up abruptly around 1:55 (which happened to be when the OMGA price was close to geting back to 10 1/4), probably due to shorts getting a little panicky and covering(and rightly so since this dog was trending up and not down)... So you get short covering starting it, then you get RAJA walking up the price as best he can, more short covering, daytraders begin to notice the activity then BOOM---- Not Howie P.S. From talking to various people and from watching the chats on Friday, I get the impression that Merlin and T.Mex are both salivating to see OMGA make 1 more run Monday so if RAJA and LEHM play games again to prop up OMGA again on Monday, you might see some fireworks so if shorting OMGA, it may pay off to wait a bit and see what RAJA and LEHM do cause OMGA is definitely in play for daytraders this Monday.