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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: Matt Webster who wrote (34778)2/13/1998 3:56:00 PM
From: Gary Korn  Read Replies (1) | Respond to of 61433
 
Matt,

On level 2, if someone is right on the bid, they are buying. If someone is right on the ask, they are selling. If they are wide of both, they are not active (time of sale will confirm this). If they are wide of one (say, way high on the ask), then the MM just isn't worried about selling (or buying, as the case may be), so she/he has pushed it up out of the way (this answers your Monty question).

I follow GSCO because I'm told that the SOES traders follow GSCO closely. As Pete Broker said, the SOES people "never trade against GSCO." (Pete, correct me if I'm wrong).

I follow INCA and ISLD because this is largely institutional trading.

Gary Korn



To: Matt Webster who wrote (34778)2/13/1998 4:02:00 PM
From: Gary Korn  Read Replies (1) | Respond to of 61433
 
Wow! Wild and wooly Friday after market!. Already a 300,000,
a 50,700 and a 10,000. All seem to be buys:

ASND - Transaction Log
4:02:31 S300000 34.7 T 4:01:02 S 5000 34:T T
4:02:13 S 10000 34:T T 4:01:02 S 300 34.7 T
4:02:02 S 300 34.7 T 4:01:00 S 1000 34.7 T
4:01:52 S 500 34:T T 4:00:56 S 100 34.7
4:01:49 S 600 34:T Z 4:00:55 S 1000 34.7 T
4:01:44 S 15200 34:T T 4:00:55 S 1000 34.7 T
4:01:43 S 3500 34:T T 4:00:54 S 4600 34.7 T
4:01:40 S 100 34.7 T 4:00:54 S 1700 34.7 T
4:01:37 S 200 34.7 T 4:00:53 S 1000 34.7 T
4:01:35 S 2000 34.7 T 4:00:45 S 2300 34.7 T
4:01:27 S 50700 34.7 T 4:00:44 S 300 34"53
4:01:26 S 400 34:T T 4:00:32 S 10000 34.7 T
4:01:24 S 500 34:F T 4:00:24 S 300 34.7 T
4:01:24 S 1000 34:F T 4:00:23 S 900 34.7
4:01:19 S 400 34:T T 4:00:13 S 500 34:T T
4:01:19 S 3000 34"53 T 4:00:12 S 700 34:T Z
4:01:17 S 100 34.7 4:00:09 S 2000 34.7
4:01:11 S 300 34.7 T 4:00:09 S 500 34.7
4:01:11 S 300 34.7 T 4:00:05 S 5000 34.7



To: Matt Webster who wrote (34778)2/13/1998 4:08:00 PM
From: Gary Korn  Read Replies (3) | Respond to of 61433
 
Does anybody know why QWST dropped almost 6 points?

Gary Korn