Summit Technology (BEAM) Message Board

STOCKTALK

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 : Summit Technology (BEAM)

BEAM 27.83

0.0%

12:21 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HerbVic who wrote (1271)	7/22/1999 2:51:00 AM
From: chuber	Read Replies (1) of 1386

I have been watching BEAM's closing trades for a couple of months and large blocks seem to fill minutes before the close regularly. However, while many of the large blocks fill at the asking price, the stock many times opens (and closes) down the following day. If logic had anything to do with the market, then I would like to believe that an order filled at the asked is a purchase and should yield upside momentum to the stock's price. I know very little about market maker action but assume that this is what we are seeing. The MM sells off a large block at the asked close only to bring the price down the next day so he can repurchase shares at a lower price. Of course I am aware that any purchase at the asked is also a sale by another party. I guess then that the key is understanding who (i.e.MM) is doing the buying and who is selling. From my post it should be obvious that I am uncertain on this subject. If anyone would be kind enough to offer ANY sort of help in better explaining this to me, it would be greatly appreciated. Thanks, Chris

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next