Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Biotech / Medical : SAFESKIN -- Ignore unavailable to you. Want to Upgrade?

To: Ann Williams who wrote (131)	1/1/1998 2:39:00 PM
From: Toby Zidle	Read Replies (2) \| Respond to of 828

I am quite surprised that no one yesterday afternoon or today has yet posted a query about the trading activity flurry late in yesterday's session. I bought SFSK about three weeks ago at $53 7/8. In the profit protection system I use, once a stock is up 6%, I put a stop (generally a mental stop) at my purchase price so that I'll lose nothing more than my commissions. SFSK was in this situation and I was talking with my broker about selling around 2:50 p.m. (ET). SFSK was at 53 3/4 Bid, 54 Asked, and I was about to get out. The stock had been lightly traded with as much as 15 minutes between trades at times. Suddenly, there was a rush of trading activity and within 15 minutes it was up almost $3! I'd hoped I'd find an explanation here on Silicon Investor - or at least a question. Since no one has beaten me to the punch, I think I'll ask the mandatory question: Does anyone know what's happening?? By the way, when a stock gets hot like this one did, I often watch a live data feed on a tick-by-tick basis. Since that won't be available now, I'd recommend to anyone interested that they pull up a one-minute intraday chart from any of the chart providers on the web. It will be quite interesting. Toby