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Strategies & Market Trends : Position Trading Forum

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To: aps who wrote (2739)	10/2/1998 7:12:00 PM
From: Andja Miskin	Read Replies (2) of 7247

I don't have a position on XYLN either way. I am interested in it since Tim mentioned it, however. That said, I am keeping an eye on it to see how it looks and level 2. On today, whenever buying would come in, it would all be absorbed by the selling by TNTO. If that particular market maker wasn't selling off what must be a big block, then I suspect XYLN would have busted right through 11 3/4 and closed in the 12's. There's no point buying if someone is trying to dump a big piece (makes it a lot riskier -- more things can go wrong). For a similar example of how persistent selling can put a damper on a stock, check out HDIE, where the fundamentals and press releases all point to great things ahead, but the stock's in the dumper apparently because of heavy selling by person(s).

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