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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV

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To: art slott who wrote (5996)8/10/1999 6:13:00 PM
From: Mike Fredericks  Read Replies (1) of 13157
 
> Institutional buying late in the day. <

Your assertion is not confirmed by thomson I-watch, which reports no institutional buy messages the last part of the day. However, I-Watch does not report actual institutional buys, only the pre-trade messages institutions send out. It's possible you're right, it's also possible that some daytraders covered their shorts, or someone else bought long, or this is a dead cat bounce, or the market just turned around.

-Mike
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