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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: MrGreenJeans who wrote (36)8/16/1998 7:49:00 PM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
** Who has been Selling? The Big Boys **

Mr GreenJeans and All: Re: "The money which was pulled out within the past month are those monies from people who should never have placed their money in the market to begin with and monies from institutions trying to incorrectly time the market."

Analysts at Birinyi Associates studied this by tracking large block trades -- those of 10,000 shares or more -- against smaller trades of fewer than 10,000 shares, which include, for example, an investor's purchase of 100 shares of IBM. Through Tuesday, the study showed, retail trades created about $731 million in net buying on the Big Board, while block trades accounted for $3.47 billion in selling. The bottom line: Institutions sold and smaller investors bought. Rumor has it that most buyers were Brinkerheads <GGG>.
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