>>I am perplexed a bit. The downgrade appeared in the morning--no problem there; It has to do with timing and the mechanics of firsr Call. The text on First Call, which is a source for institutions, did not appear unti the afternoon. Now this is typical of Robbie Stephens's sloppiness.<<
Nothign perplexing. Stephens's sold last week. That was the spike in volume that took us from 51 to 44. Remember the one day with the 6 mil volume? They sold out the rest the past few days and only the shorts were out this week, so they already knew.
Some stats, sold-bought
Traders 8090K, 7190K.
Funds 3590K, 4280K.
Bear Sterns 640k, 840k
Schwab 190k, 3050k
Etrade 280k, 1520K
SureTrade 350k, 1470K
Smith Barney 530k, 520k
Morgan Stanley 330k, 40k
H&Q 350k, 190k
First Boston 280k, 80k
Merryl Lynch, yea olde discount etc and the others were all buys in the 100-200k's..
As you can see most of the selling were traders, I would think a lot are still short. Funds and individuals were buying. Or A lto of peopel are now holding shares in their schwab account or they were short big time.
Oh stefie 390k sold and 130k bought. |
