QDEK Quiz for all the daytrader geniuses Message Board

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Strategies & Market Trends : QDEK Quiz for all the daytrader geniuses

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To: bill crosby who wrote (3)	11/24/1996 9:40:00 PM
From: Follies	of 12

My records show it wasn't Merrill who raised the Bid but NAWE raised it to 4 13/16 at 14:35:12 and then NAWE raised it again to 7/8 at 14:36:36. MLCO was on the Offer at 15/16 and lifted the offer at 14:40:02. It don't think MLCO was in it at all. I believe NAWE bought all the shares from some fund or family of funds and as soon as the transaction finished he tried to act like a big buyer and goose the stock higher which worked. He ended up the day sitting on 700,000 shares at 5/8 point higher than he paid. I don't believe he sold any big blocks (>20k) to anyone after he bought them, so he still has tons.

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