Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: Jeffrey Beckman who wrote (607)	4/17/1997 1:22:00 PM
From: Buzz Mills	of 1017

To All, for what it is worth. I spoke to a broker at Rodman, Renshaw, and asked about the selling in CWEI. He said he would make a few phone calls and get back to me. The message he left, after checking with their traders (they are MM's on CWEI) is that CWEI is now just about completely washed out; the washed out refers to "cleaning up" or in other words, everybody who was going to get out is pretty much out. He even said that they (the MM's have been trying to buy stock and haven't been successful (he didn't say what price they were trying to buy it at). As for me, I am amazed that they could sell 40,000 institutional shares and not have the Bid and Ask (11 5/8 x 11 7/8) change--it almost seems that those shares were already spoken for---on other days 5,000 shares of sells would drop the price by 1/4. Buzz

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