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Strategies & Market Trends : Sharck Soup

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To: Ron Dior who wrote (23879)5/19/2001 3:42:41 AM
From: Devin123   of 37746
 
Ron, if you look at the time of the large blocks of shares traded, they all occurred right at (or right after) the bell. I've seen this happen on many occasions and it generally doesn't mean anything. I don't know if I have all the facts straight, but there are two ways I've come to explain this to myself: first is that when companies are getting many buys or sells right into the close (shorts covering or people setting up for the next day) it seems they will post these as a summed block. I don't know if they can do this upfront or if they are buying/selling out of their own account to retailers and that's how they can sum it, since they are the ones who ultimately made one trade. Second, is a trade order that some companies do called "buy on the bell" and they place an order of whatever magnitude to position for the next trading day or to cover trades they may have made to their own customers and they just buy as one block.
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