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Technology Stocks : Hummingbird Comm. (HUMC)

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To: Martin Goldenberg who wrote (1496)4/13/1998 4:33:00 PM
From: Paul Loucks  Read Replies (1) of 2018
 
Interesting Trades on NASDAQ

Watching the trades carefully, you will notice that the vast majority (probably 90%+) were executed on the ASK side. It seemed like the market makers weren't able to buy anything. Resolving this issue will be very interesting tomorrow. Are the MMs now in a short position? Can they drive the price down and then buy the stock back at lower prices? Will the shorts have to step in and cover their position or will they too sell more and try to drive down the price?

Paul
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