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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (7630)	4/2/2000 10:30:00 PM
From: LPS5	Read Replies (1) \| Respond to of 18137

Ramsey, This will probably help explain the process. Message 13204787 Chances are there was a huge sell order, maybe a hedge fund or a mutual fund dressing it up at the end of the quarter, who wanted to book some profits. They likely shopped the order around a bunch of firms, and either by commissions or price, got an acceptable bid from firm ABCD to work the order. As the stock began to plummet near the end of the day, with the target price the sales trader at firm ABCD had bid (to work the order above) coming fast, and having done as much as he could on an agency basis, he printed the balance - committing ABCD's capital for the final 175,000 shares - into their own inventory. That's a non-guru assessment. LPS5