Jack , if 500,000 shares was a buy at the ask, then Shorty Inc.
must br really worried that they won't be able to cover at lowerprices.
So they buy at the ask.
But that was only 500,000 shares?
What about the other 64,000,000 shares?
Maybe p$nky pants can shed some light on this.
May be we can start a psychoanalysis session:
"pinky, how do you feel today?",
vbg
TA
Message #2420 from Jack Hartmann at Aug 16, 2000 10:48 PM
If it was short covering then there's 60 million more
where that came from.
3,677,900 shares traded was the volume today. 500,000 is a good percentage (~15%) of the daily volume. I say it was a buy at the ask since the price moved up then, but I wasn't watching CNC trade today to be sure. Maybe Softechie got a thought on it.
Haven't heard the short side of the block trade.
Jack
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