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To: Wayne J. who wrote (1149)12/18/1997 9:55:00 AM
From: Tony  Read Replies (1) | Respond to of 6654
 
this is for anyone:

Ok, I'm watching again today and its 20 minutes in with only 800
shares trades (@.037) The spread is pretty big: .032x.037

I'm trying to teach myself how to read the tape, and I know some of you are pretty experienced at it, so let me know if I got this right:

That 800 shares is not an order by itself ($29.20?) it's the completion of a 28000 share order placed yesterday. Someone got caught with a partial fill and now has to pay 2 commissions.

No one's trading because you'd lose 13% right off the bat, and everyone who is in longterm is already in.

As a result, we're not going to see particulrly high volume today. (Unless we get a release).

Does this make sense?

Thanks for your time,
-Tony



To: Wayne J. who wrote (1149)12/18/1997 10:57:00 AM
From: Bill Monahan  Respond to of 6654
 
Looking for second PR!!
Bill