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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?
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To: Ed Flynn who wrote (5315)5/5/1999 11:57:00 AM
From: TLindt  Read Replies (1) of 20297
 
>>>What's your take on the last couple of days?

You have to drop a rubber ball off ladder unto concrete to understand this.

When the ball first hits it bounces really high...the next time lower, the next lower...so on and so forth..until it just rolls.

Now substitute CheckFree stock price for the ball, and the 50 Day moving average for the concrete....that's where we have been the last 2 hits on the line. So until the ball is bounced again..the momentum is gone from the stock...IMO.

>>>I was trying to lighten up 500 shares at 47.5 when the spread was 47.25 by 47.9375 and was not executed. The trading seems a bit weird to me.

That's were Level 2 helps out a lot.

What has been happening to open up the big spreads; is you have these asks @ say 47 13/16's and sellers come in at the market picking off best bids starting at 100 bid @ 47.75...then to the next level say 300 @ 47.50,400 @ 47.25,100 @ 47,200 @ 46 3/4, 200 @ 46.50's. and that might only be 1k market order to sell shares in total, which takes out all those price levels...so the bid ask spread really widens up, like $46.25 by $47 13/16's.

In fact that just happened to open the spread 44 1/8 by 45
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