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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: Sir Francis Drake who wrote (26591)7/18/1999 9:07:00 PM
From: ed  Read Replies (1) | Respond to of 74651
 
Well, if you have a super sell message in certain time interval, then why the stock price went up in that time frame ? Funny !!!It is a good sign the big boys had accumulate enough cash for next run up, wish they will not use up their bullets.

As you know Microsoft had a so called defered account, any idea what
if Microsoft report all its cash in the defered account as earning for the previous quarter , should we see $0.50+ this quarter ? I think that is what the SEC was investigating about !!!! And I also know MSFT had defered $400MM of Office 2k sales into its defered account for this quarter, am I right ?



To: Sir Francis Drake who wrote (26591)7/18/1999 11:47:00 PM
From: Bilow  Read Replies (1) | Respond to of 74651
 
Hi Sir Francis Drake; Great series of posts on super buy or sell messages from thomsoninvest.net. I have a comment on how they are computing the percentage of trading due to institutions.

I suspect that the reported numbers for institutional action is exaggerated by thomsoninvest. AMZN provides a good example. The top three market makers on the stock are ISLD, MASH, and NITE, as of the month of June, 1999. They provided 26, 8 and 5% of the total volume, for a total of 39% of volume. Link:
nasdaqtrader.com
To look up the percent of trades done by the various market makers, go to the NasdaqTrader.com web site and click on "Trading Data". Or use the following link:
nasdaqtrader.com

It is already agreed that MASH and NITE are more or less retail. (Or is it?) My observation on ISLD is that the majority of their trading is very much retail. In fact, the majority of it tends to be fast moving day traders, of which I am one.

But the thomsoninvest web site lists the retail percentage as only 17% for AMZN:
thomsoninvest.net

I have two guesses. The first is that all ECNs are being added into the institutional numbers. The second is that there are a lot more shares being traded by the institutions, but are not reported to the Nasdaq, or are not included in the figures. Any ideas?

-- Carl