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Technology Stocks : OnSale Inc.
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To: PJD who wrote (2696)12/22/1998 2:15:00 PM
From: Rylan  Read Replies (2) of 4903
 
PJD,

I watched the trades, on ONSL, for the first four hours today. From the market open I observed a 3600 block trade, at the ask, about every 15 - 30 seconds. Who ever this guy was, he was buying the stock very aggressively. Even with this intensive buying spree, the market maker did not move the price. He seemed to lower the price. I was surprised. Perhaps someone was covering a very large short position or wants a few shares to hold. FWIW.

Rylan
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