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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (156598)3/21/2002 3:31:09 PM
From: GraceZ  Read Replies (1) of 436258
 
The block money flow into both the NYSE and NAZ has been strong all this first quarter. Though its looking like its leveling off a bit on the NYSE. When you look at the block flow in individual issues on the Naz you notice the block flow in is the strongest on declines. Means there is strong demand for shares, but the demand is below. This is what has been driving price down in the last week or so, that and little guys selling, shorts booked below. The strong up side action after the recent washout in BRCD was a good example of what happens when the downside action has nothing behind it. At first everyone was selling, blocks and small lots, then at some point the big guys started buying and they kept buying for a few days while the public keeps dumping their shares on them.

Same old, same old, just the names change.
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