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To: Mike Hardy who wrote (910)3/20/1998 5:18:00 PM
From: Rande Is  Read Replies (1) | Respond to of 4715
 
Those big blocks at closing time are typically the Market Makers "squaring off." They trade between themselves. Those who need more buy from those that have too many. Sometimes one will sell off to others, because he chooses to no longer make market in a stock. Likewise a new MM will come along and buy-in from other MMs.

Sometimes squaring off occurs the night before a possible run-up in price. Either way, this is common. These trades occur throughout the day as well. Sometimes as much as 75 percent of volume in a day is between MMs, though normally about half.

Rande Is



To: Mike Hardy who wrote (910)3/20/1998 5:27:00 PM
From: HIPLANESDRIFTER  Read Replies (1) | Respond to of 4715
 
Mike, very interesting numbers. Can you reply to a couple questions?

(1) Where is such information available, if you are able to divulge?

(2) What are the decimal values between the price and the block size?

Just an interested observer trying for a little education ... thanks



To: Mike Hardy who wrote (910)3/20/1998 5:29:00 PM
From: Mr. Jens Tingleff  Respond to of 4715
 
Yup - Let's see some monday morning news - and this time hold !!!!!

14 days ago monday it crawled from 0.1 up up up up till 0.118 before trade started - It could have gone to 0.15 if fewer loose hands.

At next runup folks do not take profit until over 0.15 - JMHO/Idea

Kr
Jens