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Technology Stocks : International Rectifier (IRF)
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To: voodooist who wrote (973)4/16/1998 1:54:00 PM
From: DanZ  Read Replies (1) of 1712
 
Fred,

Yes, I saw the > 400k block but the important thing is that the bid held at 10 5/8. Oftentimes a stock will rally after a large sell order like that because it dramatically changes the supply and demand. Whoever bought that stock probably won't be selling anytime soon. The thing to watch is the bid/ask size after a trade like that and whether it moves the bid down.

There are some big sellers out there, but the buyers continue to absorb them and I'm confident that the stock will rally soon.
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