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To: Jeffrey S. Mitchell who wrote (11161)2/2/1998 10:09:00 PM
From: Patrick Slevin  Respond to of 17305
 
I don't know exactly what happened but most likely

you had an order imbalance. Several people/institutions could have had "Market on Open" orders in and it took the specialist time to line up the stock as well as a price.



To: Jeffrey S. Mitchell who wrote (11161)2/2/1998 10:14:00 PM
From: Trader X  Respond to of 17305
 
<I wonder if one could have actually gotten shares at 34 first thing.>

Judging by the 1 minute chart, it opened at 10 am at $36-1/4 ask, and went up from there. That was the lowest price you could buy the stock at today. My guess is that sellers waited for some nice juicy market orders so they could rip the skin off some suckers.

Kevin



To: Jeffrey S. Mitchell who wrote (11161)2/2/1998 11:33:00 PM
From: Trader X  Read Replies (1) | Respond to of 17305
 
Anybody wantta see a Rocket Blast-off?

This stock is as close to jet propulsion as I've seen in quite a while.

Is it over yet?

207.95.154.130

for the time being, yes. Monday produced dark cloud cover on the candle chart. I'm looking for it to fill at gap back to $5.

But where to after that, Uncle Kev?
207.95.154.130

resistence at ~$12, leaves a lot of upside potential from $5, if it gets back to there.

but hey, whut do I know?...it's only t/a. My dog could do as good as that.

-Kevin