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Technology Stocks : Trading TAVA

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To: Hawkmoon who wrote (337)	5/12/1998 11:00:00 PM
From: Money Mood	Read Replies (1) of 655

<<The question is whether that was a short sale or a buy.>> Ron, two questions: 1)How can one determine - short or buy? 2)What's the real difference: the block went on ask, this means it was a "buy" isn't it? Just because somebody paid higher (ask) price for it, even if it was offered by a short-seller. The only difference I see is that in case it was sold short it has to be bought back sometime later. Please, correct me if I am wrong - I am just a student. Incidentally, I was thinking about this very matter on my way back home tonight. After work I dropped into my friend's office (he is a broker at Prudential, bought TAVA on my advice for himself and some of his clients) and we went through the today's tape. I noticed four 25K and one 20K blocks went through on ask and one 25K block on bid. We both decided they were "buys", but then I remembered that short sales require uptick - so they might have been shorted on the ask as well. I am very tired and disappointed today... Thanks. Viktor.

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