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Non-Tech : pamc
PAMC 45.78+0.1%Oct 31 5:00 PM EST

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To: sandmag who wrote (455)10/7/1999 5:42:00 PM
From: KM   of 570
 
Ironic notes:

NITE sat all day on the bid with 5k at 12 3/4. That was the bottom on the last washout in August. I bet they were prepared to buy a lot more than that there. It gave me confidence to get in there and buy at 13.

INCA bought a ton of stock from Neuberger, who was the big seller today, at 13 5/8. They flipped it all for half a point at 14 1/8. Once they got through doing that, it seemed to lift effortlessly.

Then EOFR had a load to go. I think the last sell was that 15k block. Once that was gone, it was light as a feather.

At the end of the day, there was a wall of big bids at 15. I think they were all waiting for a big market on close sell since we've had one the past few days. They all went home empty handed.

I even saw a few daytraders buying.

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