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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: Toni who wrote (5131)4/20/1998 5:02:00 PM
From: James Harold Alton  Read Replies (1) | Respond to of 19331
 
Toni, My guess is that the 25K block represents a transfer of shares from one MM to another. Suppose MM "A" has a lot of inventory to move and other MM's know they can draw from that pool of shares when they want. The other MM's without shares might participate at the ask selling but not actually have any shares..going short. Then when they draw on MM "A's" supply to cover, we see large blocks come across and I suspect this is what we saw... Just another reason we have difficulty reading the TL. (G)

James



To: Toni who wrote (5131)4/20/1998 5:03:00 PM
From: LT  Respond to of 19331
 
Hi Toni,

It's a T trade so that means it was out of market. It could have been
a Canadian trade or a trade after hours.....we shall see as to whether
it was a buy or sell(G).....

Lou


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