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Technology Stocks : Point West Capital (PWCC)
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To: Tibor who wrote (24)2/2/1999 12:14:00 PM
From: Tibor  Read Replies (2) of 345
 
Actually it probably was not a block buy. The MMs needed to bring the
price down to accumulate, so it must have been a trade between themselves.

This morning's action shows how dangerous putting a stop-loss order can sometimes be. By dropping the price they triggered stop-losses at 13, 12 and 11. It seems that they didn't manage to grab any shares under 11.
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