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Strategies & Market Trends : Level II Trading

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To: Apakhabar who wrote (1003)	4/7/1999 12:26:00 PM
From: Apakhabar	Read Replies (2) of 1086

I'm watching THQI, and I see a number of trades on the time and sales indicater that don't seem to be reflected in the MM quotes. For example, the best bid/ best ask was 23 1/4 x 23 3/8 (size 1x5 and these were also the only bids and asks at these prices). These did not change when two trades then went off for 2000 sh each at 23 5/16. Then a 6000 block went off at 23 3/8 with no change in the MM, ask size, or time. What are the likeliest explanations?

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