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To: Bill Tholen who wrote (603)3/11/1998 11:18:00 PM
From: Rob Preuss  Read Replies (1) | Respond to of 1250
 
Thanks Bill.

Mind if I explore this a bit further? Okay, let's suppose
that some *one* (person or institution) purchased 206,200
shares at 1:00PM. Naturally there must have been seller(s)
on the other side of this trade. Would it not seem to be
reasonable to assume there were multiple (perhaps many)
such sellers and, despite the fact that this was an uptick
sale, wouldn't it seem more significant (from a market
psychology viewpoint) that there are many sellers than
that there was one buyer? I'm just fishing here; just
trying to understand (a) how others interpret observed
trading activity, and (b) how I think I should interpret
observed trading activity... I have no convictions (yet).

[And, exactly why don't we assume there was one seller
with multiple buyers? Sorry if I'm being dense...]

On the other hand, I certainly understand that one tries
to corroborate information gained from one source by
comparing it to information gained from another source.
If multiple sources agree, one tends to accept the
information as true. If they disagree, one tends to
reject the information as false/erroneous.

Rob