Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (3332)	3/18/1998 9:06:00 PM
From: Michael Harb	Read Replies (2) \| Respond to of 6317

There was an INSTINET trade at 17:00:09 for 131,000 shs at 34 27/64. This is below the closing bid of 34 3/4. With INSTINET it is very difficult to tell if it was a buy or a sell. For those that don't know, INSTINET is actually a separate SEC registered stock market. Subscribers, generally institutions, can trade openly amongst one another. It is not nearly as liquid as the normal markets and there are no Market Makers, Specialists, etc... INSTINET trading can fluctuate wildly due to the general illiquidity. The trade doesn't concern me one way or the other... I bought 80 Apr 40 calls right near the open. I think we will see a nice rebound over the next couple weeks. Now that the herds have run off the cliff, cooler heads will prevail and realize things really ain't so bad. mike