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Technology Stocks : Telxon (TLXN)

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To: Tibor who wrote (366)12/17/1998 7:51:00 PM
From: Shelia Jones   of 378
 
Hi Tibor, Been watching myself - even traded it twice (buying at close - selling soon after open). Out now though as patterns have a way of changing just when you think you can see them...

My take is that there have been some large block buys (in the 40K to 10K range). The last two days these have happened in the morning - which is why the Market Maker is raising it up on open to pull in the shares. These block buys have occured at the high of the day. Drifts down from there. Money flow is decidedly negative. With the volume drying up the daytraders may be moving on.
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