Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: LLCF who wrote (141479)	1/3/2002 1:49:59 PM
From: GraceZ	Read Replies (1) of 436258

It all depends on who does the block and why... you saw plenty of block orders in the .com's on their way from hundreds to zero and they sped up the move, not slowed it... cause the MM's didn't want to hold them. Of course, if there are blocks being thrown down as market sells in a full scale rout it would take an enormous amount of small orders to keep the stock price from cratering. What we notice in analyzing block flow is that as the stock is being run up by small order buying the blocks are net out while the price is still firm. This is a red light that frequently tells you there is something going on with that company that is about to come down on your head. This was true in CIEN right before they dropped their latest bomb. The block selling wasn't enough to push the price down yet it was enough to make the money flow diverge sharply from price. When the news hit the wires, then the kind of block dumping you are talking about happened and that's when the price really collapsed, but it was also accompanied by small order selling as well.

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