Oh goodie. Paul, now you're talking my language..the tape!
We had a close of 1.28 x 1.44 last 1,375..and price
was rising fast the last minutes. AFTER the close
these trades were printed late/
(I am including a few of the earlier ones,
all buys because the price was rising)
The ones with T are after the close, denoting "late" --
CLYC - Yesterday Log
8/15 4:08 8 40000 1.625 T
8/15 4:07 8 5000 1.500 T
8/15 4:06 8 5000 1.469 T
8/15 4:05 8 5000 1.438 T
8/15 4:00 8 1700 1.375
8/15 3:59 8 300 1.375
8/15 3:59 8 1000 1.406
8/15 3:59 8 1000 1.375
8/15 3:57 8 2000 1.375
8/15 3:56 8 2000 1.375
8/15 3:55 8 1000 1.344
8/15 3:53 8 10000 1.344
I called the MM I trade with to ask why these late trades
were so high and wowowowww ..the 40K at 1.625.. he was
laughing and said the trader (probably at HILL) was
badly short and trying to cover. No one was selling
and he had to pay a BIG premium finally
to cover the 40k.
So I guess the question is what happens Monday morning, Paul.
Are the shorts covered? Or will the MM's drop the
price to let him cover the rest? Does the brotherhood
rule? :-)
Or will 1.625 be the starting point of the pre-open?
Appreciate your info and opinion.
--Madly
PS: foor those who have not followed Small Talk, here's a recap
of their business:
SMARTALK manufactures and distributes prepaid calling cards and other
enhanced telecommunications products that are sold at retail and also
marketed to advertising and promotional clientele. SMARTALK maintains
retail distribution agreements with mass merchandisers, consumer
electronics retailers, supermarkets and home office superstores such as
Office Depot, Future Shop, Venture Stores, The Good Guys, Staples,
Service Merchandise, Jewel/Osco Combo Stores, Osco Drug, Sav-On Drug,
OfficeMax, Dominick's Finer Foods, Eckerd Drug, Food4Less, Ralphs
Supermarkets, Spencer Gifts, Bradlees, Marshall Field's, Robinsons-May,
and Builders Square, as well as university book stores and convenience
stores nationwide. The Company also holds a variety of entertainment
licenses for phone cards including Star Wars. SMARTALK also offers
specialized value-added phone card and promotional programs, supporting
a significant client base including Gillette, Hewlett-Packard, Wells
Fargo Bank, Nabisco, Pfizer and Prudential Securities. |
