SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Excite [XCIT], an exciting stock to own in 1999!

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ViperChick Secret Agent 006.9 who wrote (1329)4/16/1998 8:17:00 PM
From: JR Medlar, 2nd  Read Replies (2) of 3183
 
I count well into the literally 1000's of what are called technically "baby blocks" traded today. A baby block in the institutional business are round lots of 1000 shares of a stock. In our case, XCIT.

Granted, they are not solid "BLOCKS" of 10,000, but as a son of a financial institutional broker, my dad wouldn't keep too many customers if he got an order to buy say 250,000 XCIT and he did it all at once. THAT'S INSANE!!! You DON'T ever show your hand/cards to a market-maker and/or specialist on ANY EXCHANGE or else you're just asking for trouble. Especially with an $90+ Stock with less than 100M shares outstanding!!!

Like dad say's "Keep em' baffled with B*llShit...It keeps them all honest"...think about it.

Later,
JR
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext