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Strategies & Market Trends : Picks you can sleep on. -- Ignore unavailable to you. Want to Upgrade?


To: MIKFREE who wrote (236)4/30/1999 1:31:00 PM
From: margin_man  Read Replies (1) | Respond to of 2241
 
WOW!!! So volatile on USWB!!
Looks like the selling continues.....



To: MIKFREE who wrote (236)4/30/1999 1:35:00 PM
From: margin_man  Read Replies (1) | Respond to of 2241
 
Can't daytrade USWB anymore. Otherwise, I would have daytraded 500
shares at 21 1/4.




To: MIKFREE who wrote (236)4/30/1999 9:46:00 PM
From: margin_man  Read Replies (2) | Respond to of 2241
 
O.K. I'm back.

are the MM's manipulating USWB by sticking big blocks of shares in the way, scaring people down or
vice versa?


Yes. Did you see a block of 20K shares was put on the ask at 22 after
that? USWB started falling like a rock. Thing then got settle at 21
and change. That's when I put out a message to buy at 21 1/4.
I wasn't sure at that time I would have any daytrading power to pick
up a few hundred shares. So I just looked and watched the price
went back up.

Chart says USWB could touch 21 again. So keep your money ready.

I have only 700 shares left. Sold other 300 this morning when it
failed to break out of 24.

Later,
P.