SI
SI
discoversearch

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.
Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM) -- Ignore unavailable to you. Want to Upgrade?


To: Richard Haugland who wrote (186)4/21/1998 9:05:00 AM
From: SJS  Read Replies (1) | Respond to of 3044
 
Richard,

Appreciate your posts. Seems like you're well connected to this industry, knowledge wise.

I'd like this stock to get above and hold 20. Technically, it's due.



To: Richard Haugland who wrote (186)4/21/1998 5:16:00 PM
From: Richard Haugland  Respond to of 3044
 
Several big trades today with 1,261,300 shares traded. Only 4 days in past two years had more trades

quote.yahoo.com

Most of these trades resulted in DOWN ticks and happened after 2 PM (ET):

14:21 22,000 shares @ 17 7/16
14:21 50,000 shares @ 17 3/8 (down)
14:23 30,400 shares @ 17 1/2 (up)
14:23 50,000 shares @ 17 3/8 (down)
14:26 19,000 shares @ 17 1/2 (up)
14:27 10,000 shares @ 17 3/8 (down)
14:27 10,000 shares @ 17 3/8 (down)
14:41 134,000 shares @ 17 5/16 (down from 17 1/2)(low for the day)
14:41 134,000 shares @ 17 7/16 (up)
14:53 10,000 shares @ 17 3/8 (down)
15:12 14,100 shares @ 17 7/16 (unch)
15:14 20,000 shares @ 17 3/8 (down)
15:32 15,000 shares @ 17 3/8 (down)

pretty hard to sustain a rally and absorb that many shares.

The 134,000 share trades were obviously counterbalancing. Commission for the broker $1/8 = about $17,000