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To: adroit1 who wrote (2123)3/17/1999 8:56:00 AM
From: tcd  Read Replies (2) | Respond to of 28311
 
a new Paul Allen IPO - prospects are heating up!

biz.yahoo.com



To: adroit1 who wrote (2123)3/17/1999 9:00:00 AM
From: Hawkmoon  Read Replies (1) | Respond to of 28311
 
but I really feel that the individual market makers controlled this gyration or was it daytraders going flat?

Could be either/Or. Daytraders also get out before the end of the day (good ones do anyway), and don't hold position overnight. Going flat is a normal event towards the end of the day. That's why when you have a spike up in the last hour, everyone takes note because that's a clear sign of accumulation or short covering.

But yesterday's action seemed normal for a stock up $12-21 a share. Daytraders got out at the end, and the mmkrs took the price down with a vengeance to nab those who were getting greedy looking for that final bounce (which did occur if you look at the ticker).

Regards,

Ron