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To: Thean who wrote (17903)	4/3/1998 12:06:00 PM
From: marc chatman	Respond to of 95453

>>Marc - one has got to validate if the large blocks are buy orders. Intraday charts may not be able to tell.<< You're right, of course; I had assumed bw was looking at the tape. bw: Did you see those large blocks come up on the bid? Thanks.

To: Thean who wrote (17903)	4/3/1998 12:11:00 PM
From: Broken_Clock	Respond to of 95453

Thean, the intraday for esv looks like the intraday for the DOW. i think the failed attempt at 9000 is having a sobering effect on the osx.

To: Thean who wrote (17903)	4/3/1998 12:14:00 PM
From: bw	Read Replies (1) \| Respond to of 95453

Thean...There were 3 orders around 100,000 shares this morning on ESV that almost certainly were buys. This opinion based on watching RT quotes that I was updating every minute [compulsive behavior<g>]. The trades in each case resulted in the bid/ask being upped immediately. Also, by watching these and last trade price, it is sometimes fairly easy to determine whether these were buys or sells. This is not usually important anyway, since it is the current price that is more relevant to strength/weakness and thus my bottom line! <g> For a case contrary to your "pay to much" hypothesis, it is relevant in that these large buyers are usually more in the know than us "little people" [Big Dogs exempt]