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.

Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: Howard Feinstein who wrote (31967)	4/6/1999 8:20:00 PM
From: MadMax	Read Replies (2) \| Respond to of 33268

Howard, I am with you on that one. My analysis of today's action is one of a CLASSIC BEAR TRAP!!! Here's why... 1) RACE dropped off to near the $ 4 level from 4 7/8 in about 1 hour. Now there is only one way for that to happen, that is, for the MM's pull their bids on the stock. 2) Now, MM's pull their bids for one of two reasons, first there appears a large block for sale. I did not see any large transactions on the chart, so I doubt that this was the case here. 3) The second reason is that the MM's decide to drop the price, generally in an effort to sweep out a batch of STOP LOSSES that have accumulated likely around the $ 4 level (where RACE was supported three weeks ago) and to which the stock sank. Presto, the MM's scoop up a large amount of stock at a bargain basement price. 4) All of this activity generally preceeds some kind of news by about a week or two. MM's are in on the forthcoming news & timing of the release, so they know when the window of opportunity exists and exactly how they can panic the masses, then they proceed to do so!!! 5) With the huge SHORT INTEREST out there, the MM's just sit tight & wait for the news to materialize & presto the BIG SS is at hand & the mushroom cloud takes the stock price up with it. 6) That is the CLASSIC BEAR TRAP. My BET is that it will be sprung within two weeks from today!!! Happy bear hunting RACE fans...

To: Howard Feinstein who wrote (31967)	4/6/1999 10:15:00 PM
From: Don Hood	Respond to of 33268

Howard, I agree 100% with you.---- Nice post!

To: Howard Feinstein who wrote (31967)	4/8/1999 10:38:00 PM
From: Axxel	Read Replies (3) \| Respond to of 33268

I think you will be right; I am paid ot make money for others and it became apparent in the short term that other stocks were going to do that-I have not any interest in being "right" - I have an interest in making efficient use of others money-that is what they expect me to do and that is exactly what I do-If I have to be wrong in the pursuit of that by reversing course, then I reverse course and take the heat. Al I know is that the smallest mistake is the first mistake. Best- AXX