Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Mike McFarland who wrote (23830)	8/10/1998 8:17:00 PM
From: James F. Hopkins	Read Replies (1) of 94695

Mike; That looks like a large order was placed with a Market Marker early in the day, and the market maker sold /& bought during the day enough shares to cover the order , "then closed out his position at the end of the day," most likely given the client the average trading price for the day. The first one could have been a buy, but the second one looks like a sell. The spike at the end is the market maker closing out what he accumulated in respect to the order, which if it had been placed all on the market all at one time would have unstabilized the price a lot. Jim

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