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Non-Tech : Invest / LTD
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To: Lucretius who wrote (5805)12/4/1998 1:42:00 PM
From: SJS   of 14427
 
LT,

I am watching ABX, and there was (probaby now unfilled...) a large size buyer of over 100K shares at 18 3/4.

There is quite a tug of war still going on around this 9000 mark today.

Final question (if anyone knows...). It's about BUY PROGRAMS. If you watch the 1 minute (or less...) tick chart, you will see a large spike of 10-20 or more points up in the DOW sometimes. Sometimes it goes down like this, too.

It's usually attributable to a BUY PROGRAM. Just for better understanding these, what kind of $$ are we talking about that make these spikes happen? $20 million, $50 million, $100 million? I know they are done with computers releasing many orders at once. I was just wondering the kind of dough it takes to make the DOW spike 20 points in a couple of minutes, or less....
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