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Technology Stocks : INVX Innovex Comdex Winner !!
INVX 21.74+0.2%Dec 17 3:59 PM EST
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To: Box-By-The-Riviera™ who wrote (2154)1/24/1998 4:02:00 PM
From: Mike Conner  Read Replies (1) of 3029
 
To Anyone

Could someone explain a trade of mine that went thru
yesterday (Friday 1/23) on Invonex?

I placed a sell order @ 21 7/16 yesterday morning after
the initial opening run-up to 21 1/2. I kept close tabs
on the stock price throughout the rest of the day,
observing very low volume and a range between 20 5/8
and 21 1/4.

Last night, as I was reviewing a chart showing trades
every 5 minutes during the day, I noticed a very brief
up-tick to 21 7/16 at about 2:30 with a volume of about
23000 shares during that 5 minute period. I checked my
order status, and sure enough my sale went through( unfortunately
not all of the 23000 shares were mine).

I thought Inovex was traded solely by market makers
and if that is the case why would they jump all the
way up to 21 7/16 to purchase shares when all the
trades immediately before and after were at the 21 1/8
range?

Thanks
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