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To: Rob Preuss who wrote (602)3/11/1998 9:43:00 PM
From: Bill Tholen  Read Replies (1) | Respond to of 1250
 
If I may,

Glenn is referring to software package Internet Trader which will show the intra-day or trade by trade activity though out the day. It is showing a 206,200 share trade on the up-tick (or the buy side). The thing one would surmise from this would be that someone bought 206,200 shares. However, the Internet Trader activity is not matching up with other sources such as Quote.com or Yahoo.

The moral of the story is, you can't believe everything you read.

Inernet Trader is available at
kanisa.com



To: Rob Preuss who wrote (602)3/11/1998 11:11:00 PM
From: kvogel  Read Replies (1) | Respond to of 1250
 
To All: Largest block trade was 13,000 shs. Most volume between 10:30 and 11:30 EDT at 10 1/8 to 10 3/8. A number of trades between 6000 and 8000 shs occurred between 9 1/2 and 10. Rob, I follow this stock and have been trying to figure out if there is some point to buy. What is your opinion? Clearly, the volume was SELLING not buying as some on this thread suggest. Not clear whether it is over or just panic selling.

Karl



To: Rob Preuss who wrote (602)3/11/1998 11:13:00 PM
From: jeffbas  Respond to of 1250
 
Rob, there was no such trade. The largest trade shown by quote.com
was under 20,000 shares in the AM. Also I was watching the total trading volume most of the day on YAHOO. Most of the day's total 400,000 shares were run up during the morning selloff. Don't forget double counts on NASDAQ stocks. The selloff was probably triggered by
a seller of 50,000+ shares, which broke the stability in the low 11's
and triggered more selling.



To: Rob Preuss who wrote (602)3/13/1998 3:59:00 AM
From: glenn s. turner  Read Replies (1) | Respond to of 1250
 
1) I don't understand why such a large trade didn't show on the Quote-com intraday graph as a very large spike. It may have reported in error on Internet Trader.
2) If such a large trade did take place on an uptick, I believe it would indicate someone had some very positive thoughts on the company's situation. My assumption would be that a market-maker was unloading stock in volume on an uptick to someone with an unusual amount of confidence (investing over $2 million).

I noticed that yesterday the volume was down to a little over 80,000 versus over 400,000 the day before and that the price is still holding around 10 1/8. I wish I could be sure the 200,000+ trade was not a reporting error. I should have taken the time to add the trades shown on the Internet Trader to see if they added to the total days volume.