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Technology Stocks : Firstwave Technologies, Inc. (FSTW)
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To: Shege Dambanza who wrote (323)1/29/1998 4:19:00 PM
From: Roger A. Babb  Read Replies (1) of 1205
 
Shege, it is always confusing to talk about "buying" versus "selling", in fact there is a buyer and a seller for every trade. Did not go up today, but BROC moved up yesterday on a series of 1000+ share trades from 4 9/16 to $5+ with almost every trade at the asked. Today it seemed that almost every time the price fell back to $5, there were big trades, some as big as 25,000 shares. It also seemed that there were plenty of sellers at $5+

I have no way of knowing if the big blocks were an individual or an institution, or perhaps several different entities, some of the individuals who post on this thread are certainly able to trade in blocks that large.

There are three certain facts:

1. The trading range is about 1/2 higher than a few days back.
2. The volume of the past two days has been higher than average.
3. The average trade size has increased.

For many stocks these observations would not be important, but it creates a little excitement for BROC.
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