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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: Cheryl Galt who wrote (29029)	7/6/1999 8:38:00 PM
From: SnowShredder	Read Replies (1) \| Respond to of 32384

Hi Cheryl, Thompson defines "institutional?" That is a good ? I would like to know the answer to also, if you find out please let me know...from what I do know I was watching MKS about a month ago (no position) and noticed a lot of buying interest 100K+ usually over 20K+, yet the total volume for the day was still under 10K. So I think even though it shows that there is buying or selling interest there is no guarantee that the shares are actually traded that day or will be traded in the future...Best of Luck, Where'd He Go?

To: Cheryl Galt who wrote (29029)	7/7/1999 1:33:00 AM
From: aknahow	Read Replies (2) \| Respond to of 32384

Still can't find the 5,000 share reference. This cut and paste comes from I-Watch and I assume most have seen it, but posting anyway. Note that the relative size of the triangles vary based on size. The smallest is 25,000 shares. These appear only for super messages. <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< Industry, Sector and Ticker Chart Legend Interest Messages: These messages serve as a way for broker/dealers to send real-time indications of interest to buy or sell securities. Interest messages are not binding, but merely offer an indication of which broker/dealers are actively seeking to trade a stock. Generally, the messages serve as means for the broker/dealers to say to institutional investors, "Give me a call and we'll talk about a trade." Super Messages: "Supers" offer a more explicit medium for broker/dealers to advertise their interest in trading a stock. In a Super message, broker/dealers specify the exact price and size of stock they want to trade, as well as whether they are interested in buying or selling the security. Because Supers require a minimum volume of 25,000 shares, they offer a unique opportunity to gauge the interest of institutional investors. Due to the specific nature of these messages and the fast pace of changes in the marketplace, Supers have a short shelf-life and offer only a small glimpse of the total market for a security. Message Indicator: Each triangle represents a bid or sell offer from a broker as indicated via an AutEx Super Message. The blue triangles represent bid offers while the red triangles represent sell offers. The size of the triangle indicates the relative size of the number of shares the broker has advertised to buy or sell - the larger the triangle, the larger the volume of shares that the broker is committed to trading. Total Trade Volume (%) Chart The Total Trade Volume chart provides you with the breakdown of who is behind today's trading volume - whether it is institutional, retail, or non-I-Watch. Non-I-Watch volume refers to volume not reported over the AutEx system. After a broker/dealer executes a trade, it reports the information regarding the trade to AutEx. Broker/dealers indicate the size of the trade, the exchange where the trade took place and whether they Bought, Sold, Crossed, or Traded a security. Please note that a "Low Coverage" message may appear if the current volume of reported trades as a percentage of total trading is insignificant due to low reporting volume by brokers. If no trade volume has been reported by the exchanges, a "No Market Vol." message will appear.