Atmel - the trend is about to change Message Board

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Technology Stocks : Atmel - the trend is about to change

ATML 8.140

0.0%

Apr 12 5:00 PM EST

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To: G. H. who wrote (9905)	6/16/1999 4:24:00 PM
From: Ian@SI	Read Replies (2) of 13565

This was not institutional dumping, in fact the largest blocks, that I saw, were at the ask, one for 30,000 and another for 19,000. Actually, it looks as if at least 85% of the volume today was institutional trading. The institutional buy / sell orders drifted between 25 and 26 until about 12:20. There were no big orders between 12:30 and about 1:20. When they resumed, there were a large number of big buy orders around 22 - 23; and very few large institutional sell orders - a couple just under 23 near 3PM. Some news or something that was thought to be news became available to the institutions near or before 1:30PM. Perhaps Perlegos hasn't heard that Mr Levitt is frowning to an increasing degree on selective disclosure. And perhaps the institutions have forgotten that insider trading is against the law. ...and that the SEC is actually getting jail terms handed out by the courts for abuse of this law. See the picture at: thomsoninvest.net You have to type in ATML and hit enter. Then ask if you believe that all those institutional orders hit just by random chance at about 1:20 PM.

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