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Technology Stocks : CAWS - Wireless Cable (New and Improved)
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To: Jack Lykins who wrote (396)11/20/1996 9:31:00 PM
From: BILL JAMES   of 5812
 
If someone was dumping 620,000 shares with no buyers there would have been a considerable drop, these trades were upticks which means they paid the ask price at the time of 3.5625, in other words the mm covered a buy order with inventory, that is the way it works, if he does not have inventory then he has to raise the bid price to get the shares, this is what makes prices go up and down.
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