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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: Rashid Garuba who wrote (8908)5/18/1999 3:42:00 PM
From: shasta23  Read Replies (1) of 59879
 
HI RASHID!

Question regarding LII if you don't mind.
Watched ADSK on L2 today and saw about 15k shares on the ask and only about 1-2000 on the bid. ANd the you see that constantly shares go through at the bid (always 500-1000)but it doesn't go any lower or higher and nothing changes in the bid or ask as if the try to keep it in the tight range between 26 7/8-27 1/4. That is either accumulation or distribution since almost a million shares changed hands. But how can you tell what's going on. Is it that a silent buyer is constantly replenishing the bid. Or is it a seller who tries to sell quietly...
Have you seen something like this?
Just trying to learn!

Stefan

p.s.BTW very little effect on market despite the change of policy by the feds. Tells me that bullishness is still there and that people used the little drop as a buying opportunity. Let's see what AMAT and DELL have to say...
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