How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 486.06

+0.4%

Dec 19 3:59 PM EST

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To: Catcher who wrote (21203)	4/21/1999 5:04:00 PM
From: Teflon	Read Replies (1) of 74651

Amazing institutional trading lesson that took place for anyone that had the time to watch the trading action in MSFT today. The institutional crowd really put on a show on how to keep the price low through minimal bids of large block purchases. Right now on instinet your are seeing the biggest block trades of the day. Most of the block trades came in today around the $81 level, and they were only large enough to push out the weak Ask lots without providing much upside pressure. The reality is folks, that now the heavy hitters, after buying up tons of shares today in small blocks at low prices, are now filling the remaining portions of their orders on instinet. And tomorrow they will already be in the black when the market opens. They managed to buy most of their shares today at supressed prices without providing much upside pressure. Look at the MSFT trading volume today, it tells the story... Wall Street Schooling 101.

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