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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: RCJIII who wrote (15761)6/9/1999 11:11:00 AM
From: Sergio H  Respond to of 29382
 
<As I write this INCA just posted and 8000 bid at $1.93!!>

Amigos, INCA stands for Instanet. An 8000 share order on the bid means someone wants shares of CMPD badly enough to pay the extra cost of going through Instanet and wants to hide his identity.
It could be a market maker accumulating shares, it could be an institutional buyer. Who knows? But a large order on the bid on INCA
is a bullish signal.

AS