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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?


To: Joe King who wrote (2624)2/25/1998 4:32:00 PM
From: steve goldman  Respond to of 4969
 
Good eye on the AKLM.....either comes from 1)being a great stock watcher or 2) owning the company, either way, Ihop it has been a profitable investment.

As for the print, it was a piece of 3.7 million at 4, down 9/16.

i didnt see the piece, idid see a piece 1.8 million at 4.
the reported piece was 1.8 at 4 and total block volum at 3.7 million at 4.

firstoff, and it seems simple enough, its a large buy and seller changing hands. Could have been a large player selling over the past few days. The player gives the order "sell 5 million at 4 or better" the firm, mm, goes about selling out of an inventory, going short essentially, then when done, moves the 5 million from theclients account (AT the print yousaw) to the firm account to cover the short position.

Looks like a cross.....more to the sell side given the weakness.

Regards,
Steve@yamner.com