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To: Len White who wrote (893)4/3/1998 6:58:00 PM
From: Street Walker  Respond to of 5102
 
Here's a lesson worth remembering..

When block trades go through below the bid,
that's a sign of someone wanting to go LONG.

A mutual fund may want a lot of shares so
they make a deal with the mm's to buy and
mm's are happy with the small amount they
make in the trade (though to you and me it
looks like the mm is losing money..but they are not!)

If a mm wants to go long, they will make deals with
other mm's to acquire shares, and most of the time
the shares are traded even below the bid.

Those who recognized this pattern today bought in,
hence all solid buying that occured after the block
trades.

Hope this helps,
S.W.



To: Len White who wrote (893)4/3/1998 6:58:00 PM
From: LTK007  Respond to of 5102
 
I having dificulty with your question,Len.The MMs would naturally
want the stock downside when they load up--this is the MMs advantage
over the rest of the investors.And this adds to my confusion over
the drop that occurred at 5&3/4 after all the TA said it was basing
well at 5&3/4,except I insert the idea that StreetWalker suggests,and that the MMs are buying where they want to buy preparing for a move up.Good Luck,max90