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To: P.Prazeres who wrote (15213)3/17/1998 9:41:00 PM
From: Teddy  Respond to of 95453
 
**OT** uh, it is explained in simple terms, try reading it a few more times. (i didn't write it, i just copied and pasted it.)
Its just another specialist trick that explains one of the many things that goes on when the first or last trades of the day are way different then the range the stock traded in.

i'm putting that in the back of my mind with the preclosing imbalance stuff (that we don't talk about on this thread).