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Technology Stocks : Cymer (CYMI)
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To: TideGlider who wrote (18511)7/15/1998 8:52:00 PM
From: orkrious  Read Replies (2) of 25960
 
I was watching Cymer on a Level II screen all day. Clearly, when the price goes up like this, the big boys aren't selling, they are buying. Acidman doesn't know what he is talking about when he says that if a big block goes off, then the price goes down, it was a sell, and vice versa. There really is no sure way to know what happened with the bigger trades. If they went off at the ask or above the ask, they were either buys or trades between market makers. The opposite is also true if they went off at the bid or below. But making a statement like "if the price goes down after a big block goes off, it's a sell" is bullshit. Jay
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