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: RonN who wrote (615)	4/18/1997 7:45:00 PM
From: Buzz Mills	of 1017

Ron and All, The trading does not make a lot of sense--when I left there had been 47,000 shares traded and CWEI was sitting at 11 7/8. Collectively, between yesterday and today, that means that about 120,000 shares had changed hands while the Bid and Ask were 11 5/8 x 11 7/8. Then all of a sudden in the last 5 trades of the day, and on low volume, the MM's moved the Bid all the way down to 11 1/4--while only lowering the Ask to 11 3/4--almost appears as if they are trying to shake out a few more stockholders to free up some more shares. This is beginning to smell a little funny. Out of the 47,000 shares traded today, all were at 11 3/4 and above, with the exception of a single 100 share trade at 11 5/8. Only 11,500 more shares traded after that. Buzz

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