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Technology Stocks : CMGI What is the latest news on this stock?
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To: TokyoMex who wrote (2355)10/12/1998 4:58:00 PM
From: surfinSteve  Read Replies (2) of 19700
 
Check out the massive buying at 15:05 and the price spike that it caused. Was that you TokyoMex?

10/12/1998	14:45	43.1875	43.375	43.1875	43.375	3604
10/12/1998	14:50	43.375	43.5	43.25	43.4375	9704
10/12/1998	14:55	43.375	43.4375	43.25	43.375	7604
10/12/1998	15:00	43.4375	43.4375	43.375	43.375	1900
10/12/1998	15:05	43.375	44.625	43.375	44.4375	141212
10/12/1998	15:10	44.625	44.625	43.625	44.0625	31808
10/12/1998	15:15	44.0625	44.0625	43.4375	44	22304
10/12/1998	15:20	44	44.75	43.9375	44.625	26708
10/12/1998	15:25	44.625	44.75	44.125	44.5	9211
10/12/1998	15:30	44.625	44.625	44.0625	44.25	22708
10/12/1998	15:35	44.0625	44.4375	43.875	44.375	24814
10/12/1998	15:40	44.125	44.375	43.625	43.625	22111
10/12/1998	15:45	43.625	43.75	43.125	43.125	17607
10/12/1998	15:50	43.1875	44.25	43.1875	44.25	15409
10/12/1998	15:55	44.1875	44.75	44.1875	44.5	38500


The really strange thing was that right before that buy hit there were a couple of very large sellers...the ask size was around 40,000 as I recall, but no trades resulted. Could have been the MM's trolling for suckers to drop the price ahead of the big buy?
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