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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: John Graybill who wrote (33509)	5/17/2000 6:17:00 PM
From: Tommaso	Respond to of 42523

I wrote "know" where I meant "no," and that may have obscured what I said. I said that unless someone can sit down and tally the trades, their sizes and origins, there's no way to know exactly why this pattern seems to occur. If you will just get on the New York Subway between four and five in the afternoon, you will see what an effect the simultaneous action of hundreds of thousands of individuals can produce. Also, on a much smaller scale, if you have been in the middle of a riot to buy Cabbage Patch dolls. And with on-line trading, and tens of millions of individual investors, these trading patterns need not neccesarily be the work of a only few hundred mutual fund managers. What I meant was that the size of the blocks traded might indicate whether the buying was concentrated or diffused. Electronic trading makes possible an enormous volume of moderate-sized trades. My own on Quick and Reilly go through in seconds. I don't know who is doing this 3:30 p. m. buying or why. BTW, are your stocks oil/gas producers with a P/E under 10 (there are in fact such stocks)? I will buy those.