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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Alohal who wrote (152454)	1/27/2000 5:21:00 PM
From: GVTucker	Read Replies (2) \| Respond to of 176387

Alohal, here's a real world example of how wrong the Thompson's data can be. I am now in the process of selling about 150,000 shares of a stock that has an average daily volume much, much smaller. The spread on the shares is sometimes as high as $1, rarely lower than ¬. I have been selling in 5,000 and less blocks in between the bid and offer. I have also been selling in larger blocks within 1/16 of the offer. I have never advertised any size, because that would be foolish and would possibly tip off others that there is a large seller in the market. The market maker that is helping me work my order in many cases groups a bunch of retail orders together, then crosses them with me 1/16 under the posted offer. In the rare instance that there is a posted large block to buy, I hold back, becuase this is usually an inexperienced institution who will eventually pay more than he says. I am th emain institutional presence in this stock, I have been a regular seller, and the Thompson's data only shows institutional buying. I have thus far moved about 40% of my shares.