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Technology Stocks : International Rectifier (IRF) -- Ignore unavailable to you. Want to Upgrade?


To: John T. Hardee who wrote (919)1/29/1998 8:27:00 PM
From: DanZ  Read Replies (1) | Respond to of 1712
 
John,

I bailed on part of my position today at 11 7/8. I was watching it closely when it got there and decided to take my profit because I saw some selling come into the stock and the ask size got very large compared to the bid size. A 7000 share trade went off at the bid when the bid size was only 6500 shares and then another buyer stepped up and pushed the bid size to 2300. That's when I placed my order to sell 4000 shares at 11 7/8. I only got filled on 2300 and I'm still holding the other 1700. I'm planning to buy the stock back if it pulls back to 11 or 11 1/4. Otherwise I'll just hold what I have and see how it looks if it gets back to 12 again.

Best of luck with your position.

Dan