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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (11436)3/25/1999 6:44:00 PM
From: AlienTech   of 43080
 
>>Responses ONEM I revisited the tick by tick and 1 minute charts and didn't see any patterned fund buys or any large block buying. The only fund involvement I saw was on the selling side. <<

You are assuming an IPO feeding frenzy to look like regular trading. In the space of 5-10 secnds the price cna move 1-2 points back and forth. A fund can put up a buy for 20000 shares and it can get filled with 100 shares 200 times.. You are not going to see any kind of block buys then. I saw the institutions push the price up from 40. There was some dumps, but nothing close to the large buys.

In fact when NETA drooped the other day I saw Schwab comming in with 30-40k buy bids which were quickly taken over by 200-300 share sells. its the funniest thing to see, kinda like a giant shark with its mouth open and all the little fish just jump in and the shark becomes smaller and smaller till it goes away.
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