SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : GZSP, Genzyme Surgical Products
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jeffbas who wrote (16)7/12/1999 4:37:00 PM
From: jeffbas  Read Replies (1) of 55
 
Note 125,000 shares printed after the close in two blocks. This would
have to have been institutional selling of GZSP stock dividend received that could not be kept. The stock would have been sold bit by bit during the day by a broker and the total printed to the customer after the close. During the day you would have seen the sell side by the broker's trading department, and the buy side by the buyer. This makes the third print of the same shares.

Therefore, this artificial institutional selling counted for 1/2 of the total daily volume (125,000 X 3 / 753,600). There may have been more, completely reported as the trades happened. Note there was insignificant selling under $4 at the very end of the day, perhaps
to drive the price down to a preagreed net (after commission) sales price with that large institutional customer.

This trading actually makes me more bullish as it shows the stock can take a large amount of artificial selling without budging. Guess what that implies when that selling ends?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News