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Technology Stocks : MITEL (MLT) -- Ignore unavailable to you. Want to Upgrade?


To: donkeyman who wrote (1541)8/17/2000 11:17:57 AM
From: Guaranteed  Read Replies (2) | Respond to of 1730
 
I was intrigued by the small number of large blocks during this run . I had my broker check with his block trader . Apparently the demand is there, but there is not much available at current prices. As a result , the MM's are buying whatever they can get . Indicative of big money buying , is the following - when the size of the asks builds up , they will sweep the floor then lay low ...the price usually drifts back a little , but when the size on the ask side builds up again , they sweep it up again ...all on a upward price bias .

I believe that is what we are seeing.

Absolut Guaranteed