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Biotech / Medical : Sepracor-Looks very promising

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To: Epicenter who wrote (2085)3/23/1999 6:38:00 PM
From: M. Ramle  Read Replies (2) of 10280
 
Epicenter:

The way you can detect the direction of the trade especially at the close, is by watching the MM's Bid Price.

Right at the closing, the MM's Bid Price was quoted at $119 3/4, and then the first block crossed a few minutes after the closing, and the MM's Bid Price was immediately increased to $120. Then, the second block crossed in after-hour trading. In the past, I have noticed this kind of activity when a large Money Manager / Mutual Fund was accumulating the stock without really influencing the price too much during trading.

Tomorrow's opening would be a clear indication as to whether my reading of this activity is accurate or NOT. Good Luck.

Mazen
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