Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IRID - Iridium World Communications IPO Announced! -- Ignore unavailable to you. Want to Upgrade?

To: CMon who wrote (2067)	6/24/1999 3:33:00 PM
From: Kevin	Respond to of 2693

I knew the reverse was true, but now I also see your point. Thanks for the clarification.

To: CMon who wrote (2067)	6/24/1999 4:22:00 PM
From: Kevin	Read Replies (1) \| Respond to of 2693

Looking at time & sales data from today I see a 100,000 share block at 16:09 was processed at 13 1/2. Not sure if it was at the bid or ask.

To: CMon who wrote (2067)	6/24/1999 4:23:00 PM
From: Truc Hoang	Read Replies (1) \| Respond to of 2693

IRID has 19.7 million share outstanding (of which 18.9 million float). Today it trades 7.8 million shares and yesterday 5.1 million shares. It is almost like within a few days, we may have a complete new set of IRID stock owners. It is so unusual for a stock to trade like this. Normally, it happens for a stock that got spiked up with good news and a lot of day tradings, or the first day of an IPO, or a stock that got dumped real fast with a lot of day trading activities. What is going on? Is the trading pattern for the last few days good or bad for IRID? Are people getting out or in? Do we get new IRID stock owners or just a lot of individual day trading and short covering? This is the first time that I experience a stock behave like this. Had anyone see this in other stocks? I would appreciate any comments or explanation on this.