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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: Mike Milde who wrote (524)5/26/1998 9:24:00 PM
From: Les White  Read Replies (1) of 2414
 
Market makers

Mike, it was the same market making activity that takes place when you and I buy and sell our shares. A market maker had a buyer for those 90k shares when he bought. 180k of our volume spike was due to that one transfer of ownership.

There were several analysts who met with management a couple of weeks ago. I wouldn't be surprised if an institution bought ahead of some forthcoming analyst's buy recommendations.

Les
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