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Technology Stocks : Advanced Radio Telecom (ARTT)
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To: MangoBoy who wrote (599)4/21/1999 12:20:00 PM
From: GVTucker  Read Replies (1) of 1176
 
Mark, RE:<<looks like someone did a market order sell of about 50,000 shares and the MMs took him/her to the cleaners. >>

It appeared to me more likely that there were several small retail stop orders at 11. (I would assume that someone with 50,000 shares would have enough sense not to put a stop order on a Nasdaq stock, but you never know.) Once we broke 11, lots of small lots were filled under 11; the largest trade size was 4,000 shares.

Once the market makers picked off the stops, the market settled right back. Several blocks have crossed at 11½ or so since that drop.

Nice trade, buying at 10½.
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