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Non-Tech : Dippy Foods Inc. (DPPI)
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To: Micropicker who wrote (7)2/8/1999 1:03:00 PM
From: Micropicker  Read Replies (1) of 275
 
Big buy in first hour.

The last couple of days, there seems to be a big (30,000 share+) buy in the first hour of the day. The ask doesn't seem to change much after the trade, but the pattern has been steadily increasing. From there, the volume is much lighter the rest of the day. Yet after the big trade it seems as if a few thousand on the buy or sell is enough to move the bid or the ask. My guess is that the MMs aren't holding a lot of this one and that any moves will be sudden and large.
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