SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : AWARE -- Ignore unavailable to you. Want to Upgrade?


To: Peace who wrote (2035)3/25/2001 10:38:06 PM
From: Peace  Read Replies (1) | Respond to of 2404
 
BTW that block crossed at 11 45/64 which is higher than the avg price for the session which was somewhere around 11 3/8 if you exculde this block. This is why it looks like a buy. We need to capture 13 1/2 to break this downtrend. We have based nicely for a couple of months and the lows of last month have held nicely despite the market selloff. Next target will be the gap around 20.



To: Peace who wrote (2035)3/26/2001 2:06:57 AM
From: Scrapps  Read Replies (1) | Respond to of 2404
 
Peace, I have a problem with that. Matter of fact a BIG problem. If I were to place an order for those 250k shares I could do it with a limit order or a market order. I could also allow it to be filled in partial trades or I could require it to be filled "All or None". But where do I get to request an MM to accumulate those shares to fit my price and then announce or report it after the market is closed? I'm serious, because when I buy large chunks of stock it drives the price higher...unless it's during a sell off or bought over multiple trading sessions.

From what I've found so far in checking into this. Either the order should not have filled or should have filled in parts during the market trading and reported as it filled. Further I'm informed that block trading desk serve only to check with other MMs to find additional shares to fill large orders. Also please explain the "agreed upon markup" you refer to...I'm getting the ole Wolf Eye from some officials on that one. And I'm told there is no lag time involved in knowing what the market maker has paid for shares he or she has acquired in order to fill a large block trade since the computer software automatically adjusts the price with each accumulation of shares by the mm. We are NOT using an abacus anymore. <GG> Not arguing, but am just concerned.