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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI)
IFCI 0.06000.0%Jun 7 5:00 PM EST

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To: LakesideTrader who wrote (2446)6/16/1999 10:37:00 PM
From: david james  Read Replies (2) of 3541
 
Trisha,
I sometimes I have access to a Bloomberg machine, and sometimes I use a friends Level II system - which I believe is Live Trade. It doesn't really tell you who is buying and selling - just who has shares for sale and who is willing to buy, although you can often figure out what is going on. But the volume of each MM is posted each month on www.nasdaqtrader.com, and that can show you a good deal. For example, there were a bunch of blocks trading at the ask today, but I can't tell who was buying.

However, I find it interesting that CIBC (Oppenheimer) was patiently waiting off the bid for the stock to come to them rather than chase it. It will be interesting to see next month how many shares they traded.

I suspect we are going to bounce around here for a bit while we shake out some of the momentum players and weak hands, before moving to the next level. But who knows.

I also suspect that one of the new institutions is using FMSC - they will be worth watching too.

David
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