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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.07-1.7%4:00 PM EST

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To: HairBall who wrote (19018)7/1/1999 12:28:00 AM
From: Berney  Read Replies (2) of 99985
 
LG, What I'd like to see some comment on by the thread ...

What was going on after the market closed. Millions of shares were being bought with on close orders on numerous stocks in the Big Boyz. Why would the folks wait til the close when they could bought them significantly cheaper an hour earlier? Further, it would seem to indicate that 1) the brokers have been collecting inventory (I don't think so), 2) they were able to find enough sellers for these millions of shares (I don't think so), 3) they went short assuming they would be able to buy them back cheaper (hmmm), or ...

Any ideas? I just have not seen that kind of action after the market closes and hope some of you have experienced it. Thanks in advance.

Berney
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