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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who wrote (1228)6/21/1999 10:00:00 PM
From: New Economy  Read Replies (1) of 18137
 
I hope I am not breaking the rules by disscussing Newbridge Networks as an example. Up here in Canada we have access to information relating to the number of stocks bought and sold by all brokerage houses through out a given day. A "CROSS" from what I have learned is when a brokerage house is not only both the buyer and seller of the stock but the volume is very large.

Here is a post I made earlier today regarding the unusual volume and price spike Newbridge this morning:

NNC-T That was the third cross today: First Marathon did a cross of 65,000 shares @ 43.50, followed by Yorkton and now Midland for 40,000 shares. Does somebody know what the significance of crosses are?
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