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To: Ruffian who wrote (6755)8/25/1999 4:38:00 PM
From: Don Hess  Respond to of 60323
 
The more you watch the stock market, the weirder it gets.

At five minutes before the close, somebody popped for 21,800 shares of SNDK at $95 (and a big bunch of much smaller trades immediately preceded that at $94.75). Seconds later, the next few trades were at $93 and change in lots of 100-300. Of course, we bubbled back to close at $94.125.

Why the huge gap? Who bought the $2 million-plus lot and what does he/she know? And how does he/she feel about losing $20,000 in 5 minutes?

- Don