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Technology Stocks : Microprose, MPRS
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To: John who wrote (353)3/12/1998 3:20:00 PM
From: Richard Makowiec  Read Replies (1) of 633
 
<<<Nice action today, Lots of trades of 12,000 - 15,000 shares bought at the ask price. For a while this morning someone was buying 12,000 shares every 4 minutes. And every time the buy went through the ask was raised to 2 from 1 31/32 for that trade, and then immediately lowered back to 1 31/32.>>>

I noticed what you indicated as well. Also the trading with the 1/32 spread most of the day was strange (to me). May indicate the MM's accumulating...may not. Hard to say. One thing seems apparent, somebody seems to be absorbing some shares and not wanting to give alot of attention to it. We havn't seen volume like this since the pre earnings run-up a month ago. Indeed, the volume here (last few days) is welcomed. That new low last week may have been a shake attempt(dip it down to trip program sells on the screen) by the mm's knowing that some new buyers were coming near the stock...it's a thought anyway...pure specualtion on my part and so is the rest of this post.

Good luck MPRS longs,
Rich
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