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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: nokomis who wrote (60334)9/9/1999 1:35:00 PM
From: Harry  Read Replies (1) of 120523
 
Thought this might be of interest. I received this by email and could apply to SFAM since it shows no super sells but is down.

"Looking at the firm's I-Watch chart, you may wonder why it is a sea of blue for a stock that off 5%. As we've entioned before, traders most often advertise via AutEx when they are looking to work a trade or if they need to stir up interest/attract attention to their potential order. On days of sharp declines, the sellers have little incentive to advertise via AutEx - all brokers have an abundance of
sellers and are unlikely to attract the attention of institutional investors by saying they have stock for sale. However, a broker who advertises that he/she is willing to take in stock (via a Super Bid), is more likely to get a call. These brokers set the price that they are willing to buy stock at via AutEx, and then leave it up to the sellers
as to whether or not they will accept that price in xchange for getting out of the stock. Basically, the trades are getting done on the buyers terms at price that the nstitution/broker feels comfortable with.
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