Ray, did you or anyone else see the final minutes of trading?
I said:
<<The trading at the end of the day was funny. It's almost like there was one seller with some size and
everyone stepped away to make them be forced to sell down a point. The bid and ask sizes got strange, the
spread was all over the place, etc. during this time. And look how the second the last trade went through the bid
jumped 5/16. While nothing that happens tomorrow will surprise me, I will be especially unsurprised if we go
up $1+ tomorrow.>>
Came across this post on the MF tonight which has better detail, though I remember it as a few more thousand shares going through than Kelly does:
Subject: Still Watching
Date: Thu, Apr 22, 1999 4:48 PM
From: Mclainjk
Message-id: <19990422194814.03791.00000317@ng30.aol.com>
THQ
continued to uptrend, and between 2 and 3:55 pm it traded between 24 3/4 and
25 7/16. About 5 minutes till 4, a buy block for 2000 shares went at 25
1/4. Then nothing, then a sell of 400 (I think) at 24 3/4. Then nothing
till about 15 seconds before the closing bell, on a down tick 200 shares
went at 24!!!! Those mm's took it down a point and a quarter on 600
shares in the last 5 minutes. One quote had the bid at 24 5/16 and the
ask at 24 7/16ths. One person had a buy order for 500 at 24 1/4....did the
mm's take that order?? no, of course not. The way those idiots play with
this stock is sickening.
Anyone else notice this?
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Comments?
Marc |
