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Strategies & Market Trends : Wire to Wire Daily Stock Picking
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To: Jeffrey L. Henken who wrote (2594)8/2/1999 10:38:00 PM
From: John R Resseger  Read Replies (1) of 3514
 
Jeff

I'm gonna go with IMAT again. Moving averages are favorable crossing dancing whatever. No relation to Henry Kissinger here though I use to tend the garden next door.

Interesting trading on Imat on level 2. At 10:10am all the ask at 1 15/32 was cleaned out and the ask jumped to 1 1/2. Then NITE put out one lot at 1 15/32. Over the next 10 minutes 300 lots traded at that price. I called Etrade to ask what the point of level 2 is. Nite was showing 100 shares to sell at 1 15/32 and then sold 30,000 shares over the next 15 minutes at that price. Anyone have a clue as to what NITE was up to.

IMAT-John Resseger-80M shares- 1 7/16 1 15/32
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