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To: Dave Triplett who wrote (269)	2/15/2000 1:18:00 AM
From: brec	Respond to of 1001

I have seen stocks drop like a rock over a 5 minute period on low volume and then a very high volume of buys over a 20 minute period doesn't even move the stock. (I assume "buys" means trades at the offer side of the inside quote.) This would be what one would expect to see if a large sell order were placed at a limit below the market. "Large" is relative to the liquidity of the particular stock. The broker (or computer program, for some ECNs) handling the order would take out bids down to the order's limit. Then the seller maintains an offer at that price. The lower price attracts buyers, and the stock doesn't move until the seller is out.