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Biotech / Medical : XOMA. Bull or Bear?
XOMA 26.20+3.5%3:59 PM EST

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To: Bluegreen who wrote (12264)11/19/1999 10:38:00 AM
From: aknahow  Read Replies (1) of 17367
 
Sell and strong sell messages. Remember it is not clear what messages mean. Buy messages may appear when majority are selling and sell messages when there is lots of buying interest. The theory is that one advertises ones interest when it is different from what others are doing. Above does not mean that if there was a string of buy or sell messages during the entire day that market makers are not advertising desire to buy or sell in a consistent manner.

The volume up till now has overtaken the "advertised" message amount. But bears watching.

This post is not intended to say a strong message does not move the price up or down. IMO todays strong sell did move the price down, while the demand to sell was being met.
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