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Perhaps I should attach the posting - that might
help.
Sorry, its getting past my bed-time.
Willi
Name: ZGirl
Location: Sydney, NSW
Australia
Date: Tuesday, January 25, 2000 at 6:38:00
PM
Subject: to Michael re: why Davnet volumes
Comments:
I read this post in another forum re the davnet volumes prior to
ann. Read and ponder:-
The market, the medium by which the clever
encourage the herd mentality..
And the sheep do follow, without a
hesitation
of a doubt.
An interesting situation has arisen of late
whereby there was talk building yesterday of
a forthcoming
announcement to be made by a
particular company..
That company was
DAVNET..dvt.
So as is to be expected by the experienced,
they
flocked, pushing the price up rapidly,
going against the trend.
But the announcement didnt occur when
expected and many began to
question the
validness of the rumour, given the frequency
of these so
called`` hot rumours``.
Then the vibe persisted, renewing interest
with even greater vigour.
Then, it happened,...the word quickly
spread..DVT is in preopen...its on.....
They flock......bids
quickly stack up to
2.15, up almost 10% on the current last price
traded.
There were 700,000 to 800,000 bidders stacked
which
avereaged out and reopened at 2.15.
Great were on.....they
thought........but
what was the bloody announcement guys??????
Hey
yeah....I``ll check.......holy s**t, its
only a little deal with HTA that
will save
costs,...not the so called big American one.
Hell...what are we gonna do now.....I dont
know but you better
think quick...the price
has just dropped from 2.15 to 2.00 in a
minute....
Damn...they all know its a crock ann.
Dont worry,
its under control....
5 minutes later the news of the announcement
spreads to the public......quick guys dvt
just made an
announcement...get on...
Its 2.15..lets place an order....2.15????
No it was 2.15 before the big boys found out
what it was...Its quietly
2.00 already..
The slow and uninformed place orders pushing
the
price back up.
the big boys realise they may be able to get
their
money back......i know.....we``ll place
a U bid...
all of a sudden
3 U bids are stacked hoping
to have the unsuspecting jump in front.
suddenly it all becomes to obvious and 2 U
bids disappear, and 1
remains..
Sitting at 2.12 he is about to be tested and
what
happens......He suddenly disappears as
his price is activated....S**t,
there on to
us.
Then a U sell appears, sitting at 2.16...then
2.14, as all these guys purchased at
2.15...stuff it we wont lose to
much, and we
may just be lucky enough to offload them on
this new
interest..
All of a sudden you have 1.8 million shares
stacked
between 2.10 and 2.20 as they quickly
queue up to get out.
And you
have lots of small buyers queueing up
to buy into their sell orders not
knowing
what theyre getting themselves into..
Whats happening?
Well, the bigboys all lined up when suspended
expecting a big
announcement..it didnt
eventuate...just a small one.
On that news
they quickly bail out pushing
the price lower 15 cents.
Then the
laggards who are behind the action
jump in thinking wow..its hot...when in
fact
the bigboys are desperately lining up to get
out.
so
these uninformed sheep, buy at the high
price, as the biggens look to
quickly recoup
money and exit unharmed.
The point
being.....all these damn rampers
promoting a crock deal promoting it as
the
deal, knowing it aint going no where and
will probably fall below
2.00 in a few days.
The moral....avoid the herd mentality, do
your
own research, dont buy at market and
dont listen to the rampers here as
they are
primarily looking to further line their pockets.
----- Original Message -----
Sent: Thursday, January 27, 2000
23:27
Subject: Re: [sharechat]
Manipulation
Also in the same vein - found on the Egoli Forum
yesterday.
This relates to the current rally of DVT as a result of an
announcement of arguably minor importance.
Willi
----- Original Message -----
Sent: Thursday, January 27, 2000
22:33
Subject: [sharechat] Manipulation
Just for a laugh, have a look at this item
on Egoli ( tried to post it , too big, hope this url works..copy & paste
to address bar )
Regards
Tony
Haddon
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