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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Pancho Villa who wrote (4712)3/10/1998 8:55:00 PM
From: Hank  Read Replies (1) | Respond to of 18691
 
Pancho,

I normally can't read individual block trades except on intraday charts from sources such as Big Charts which are free. Even then, it doesn't say if it was a buy or sell. I can only tell if the activity for the day was predominantly buying or selling using my paid for "end of day" data service. In SPEH's case, the only trades of the day, except a few smaller ones accounting for only a couple thousand shares, were large block trades as indicated by the 15 minute intraday chart. The after market data showed the day was a strong buying day. Therefore, the block trades must have been buys.

The only thing I can say for sure about BFIT is that today was predominantly selling. One indicator did turn downward at the end of the day, so if you're talking about a last minute trade at the end of the day, it was probably a sell. However, the money flow into BFIT is still very strong and it does not appear to be ready to break down for more than a few points.

Hank