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

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To: lee kramer who wrote (63149)9/24/1999 4:16:00 PM
From: Doug Robinson  Read Replies (2) of 120523
 
Lee- There's lots of ways to read it, but it's easy to understand that someone just made a 7 million dollar bet that the stock was a good buy at that price-that's enough confidence for me, especially when I bought it earlier in the morning at 96 1/2. You gotta believe that whoever wanted this stock could have easily picked up those shares throughout the day (traded 1.64 million shares). Someone waited to the end of the day to buy them. It really doesn't surprise me that they bought when they did, since I've seen this pattern many times in the past-especially on days when there are sell offs.
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