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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (1996)	12/13/1997 4:28:00 PM
From: Ron McKinnon	Read Replies (1) \| Respond to of 4969

Hi Steve could you please give some insight to a very large block that went off on AXIM yesterday? AXIM was a July IPO, 2,600,000 at 12, lead was Lehman, co-mgr JPM, also had 390,000 as over allotment to the underwriters which went off in Aug prior to the IPO AXIM was funded by its parent, Securitor, UK. net proceeds of the IPO was appox $32mm of which $23mm went to the parent co to pay off debt and $9mm went to AXIM right now total shares out are: 2,600,000 from the IPO 390,000 from the overallotment 3,477,000 held by Securitor this normally trades very low volume and even a small trade can (usually) knock the bid/ask by 1/8-1/4-3/8's a while back a freind of mine tried to move 4000 shares and the limit order hit the bid down for 1/4-3/8; he had to wait and sell in peices here is my question: yesterday this had a 270,000 share print at 1:32 at 4 3/4 at the time the spread was 4 5/8 x 4 3/4 in aftermarket trading it looks like this same block was "re distributed" 4:22 225,000 4:23 20,000 4:23 25,000 all at 4 3/4's can you give any insight into this? who was on either side of the transaction? how might a block like this be moved without impacting the price? why the after market trading? any idea what might be going on here? thanks for your input

To: steve goldman who wrote (1996)	12/13/1997 7:14:00 PM
From: Harry Ehrlich	Respond to of 4969

Help; need spreadsheet Does anyone have a spreadsheet for tracking a trader's portfolio. I am working on one, but it is very frustrating. The one I used last year is okay, but not good enough. It sounds easy, but I need something that will benchmark my starting equity on January 1 and track my growth to the year end. This means coming up with a starting point for cash and open positions. Easy enough for my IRA account, which has no margin and can't go short. But my regular brokerage account has short positions to carry over. Do you carry the short sale as cash and the present value as a liability? Or do you keep the short account as a separate account from the long, and tie the two to a cash account? I have a Quicken type program that tracks the portfolio, but have always kept a spreadsheet as a double check. If anyone has a format, I would appreciate it. An excel template would be great. Thanks, Harry