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Strategies & Market Trends : From the Trading Desk

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To: DGG who wrote (3486)8/18/1998 8:47:00 PM
From: bazooka  Read Replies (1) of 4969
 
i think it depends on the size you are talking. it is very possible that you are seeing order entry errors. if you are talking about 5000 shares or less then it could very well be that someone hit the wrong key. if you are talking about "real size" (greater than 10k) then it is probably a prearranged trade in or out of a fund; or an institutional client trading via selectnet so as not to generate a bunch of traders trying to front run the order as it is being pieced out. usually you can determine which one it is by watching what the stock eventually does (i.e. if there is a big seller or buyer then the stock should move towards least resistance). unfortunately, it is only hindsight which is 20/20 and i would not make a trading decision based on an aberation print.

bazooka
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