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Technology Stocks : Newbridge Networks
NN 13.98+0.9%Nov 26 3:59 PM EST
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To: Doug who wrote (7176)10/29/1998 5:59:00 AM
From: nord  Read Replies (1) of 18016
 
Re block trading volume and institutional buying. Mutual funds investment houses and other large institutions often use multiple brokers and mm to do their buying. by spreading it around and buying in smaller blocks they can conceal their actions. The time tested accumulation will be price increase on heavy volume and that is what I see starting to occur. Time will tell but I too think that the kind of jump in price we saw Wed. on good volume suggest non retail buying. Now the question..How many institutions are buying? I f as I expect based on AL efforts with the street there are probably alot of institutions who have been waiting to jump and we may see the water level rise quickly if they get the feeling the ship is leaving port for the high seas.
Regards
Norden
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