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Technology Stocks : NetObjects, Inc. (NETO)
NETO 0.00Nov 4 4:00 PM EST
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To: Wil Faller who wrote (208)7/7/1999 9:24:00 PM
From: Louis Cornell   of 278
 
Did you notice that a lot of 3K and 5K blocks traded at 10 3/8 for almost ten minutes after the close today? These were not late posts.

I think excitement is starting to build now, but notice that all the hype has not yet started (like it has for VCST and NEON, both on the SI Hot list) and the late trades may indicate "quiet" accumulation (LOL, because over 1 mil shares traded today). What I mean is that it is not wise for MMs to run the stock too much into the close if they wish to build a larger position for themselves. Of course they may have been selling into the close, but I think it was very bullish activity IMHO.
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