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Technology Stocks : Peritus Software Services (PTUS)
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To: Nanda who wrote (271)8/8/1997 3:14:00 PM
From: JOHN CHEN   of 1960
 
Nanda- you're right. I can see several big buys yesterday and earlier today.

The selling is relative small shares like individual investors.

One thing which you or someone may explain to me is this:

There are much more big block buys as well as small buys than sells based on what I can see on BMI.

Each time buy comes in ( 1000 shares ), ASK price is tough to change. However, every little sell like 100 or 200 shares causes the BID price to go down.

The BID size is 2 and ASK is 2 most of time; then, why each small sell drags the stock down while much bigger buys don't make the stock go up?

This just does not make any sense.

What is the MM doing here?

Is MM accumulating the stock?

Please advise.
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