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Technology Stocks : Dell Technologies Inc.
DELL 133.78-0.1%Nov 14 9:30 AM EST

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To: Alohal who wrote (152446)1/27/2000 4:30:00 PM
From: GVTucker  Read Replies (1) of 176387
 
Alohal, RE: I thought Thompson's reported on the super buy and super sell orders, which are all large block orders (I believe 10K or more). Today the whole chart is nothing but blue super buy messages. Thus I conclude that the institutions are net buyers. Where have I gone wrong?

In several places.

First, when a block crosses at the offer, Thompson's records it as an institutional buy. It could in reality be an institutional cross (buy and sell) or an institutional seller and several retail buyers. None of these happens in greater proportion than the others.

In addition, a lot of sharp institutional traders hide their tracks when accumulating stocks by buying in 5M share blocks, flying under the radar.

Finally, you should note that the average institution underperforms the market. So even if this statistic was reliable (and it most decidedly is not), institutions do not perform any better than a retail buyer, so why bother trying to trace their tracks anyway?
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