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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (7822)	4/24/1998 12:24:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

IBM is exhibiting more "well-balanced" behavior where there are periods of buying and selling by the larger blocks with price responding instead of some very large block stepping up which moves the price up after a period of selling by the larger blocks. From what I can tell so far, there appears to be a general accumulation by the larger blocks right now. I wonder if the recent price spike and the holding of its price upon retrace had placed this stock on some of the funds radar screens? Or were they just waiting for the volatility of the stock to settle after the earnings report before buying? CMGI is exhibiting more mixed block sizes with so far from what I can tell a net selling by the larger blocks. I will take a look at HWP later today to see what is behind the breakout.. Bob Graham

To: Judy who wrote (7822)	4/24/1998 12:49:00 PM
From: Chris	Respond to of 42787

for hwp: what is your entry point. i see hwp is trying to keep above support to get "new high" status. you know what i mean? it would be interesting to see.

To: Judy who wrote (7822)	4/24/1998 1:39:00 PM
From: Chris	Respond to of 42787

symc: css scan hit : 1/23/98 @ 24 weekly buy : 2/13/98 @ 25 weekly strong buy as well during 2/13 current price @ 29

To: Judy who wrote (7822)	4/24/1998 10:25:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

GTW is under accumulation by the big money unlike its competitor DELL which has been played by the public speculator. The price held well in this down market and actually closed up. Had trouble getting beyond 58, but a look at the technicals can explain why. This stock is overextended beyond its 20 day MA and the RSI is in oversold terratory. MACD shows good established upward momentum. I would not be surprised if this stock pulls back a bit. On the tape every time it gained a bit there was some larger block (lets say 20K to 30K) selling which kept the price down. Then some buying would enter the picture helped by some large 100K blocks printing as purchases to move it up into high prices. This buying is present but not as strong as I would like to see it. Still, having the 100K blocks are stepping up to purchase the stock is significant to me. COMS is not being accumulated by the funds. Many transactions were the 1K to 2K and allot of 500 share ot less transactions, with the occassional 20K transaction. From what I can tell there was a net distribution of this stockfor today. Evey time the price attempted to move above 34, more selling would come into the picture which would pull the price back down. IBM trading was mixed today, except for a run of good buying during lunch with good support from the 50K block sizes. The exception to this day's trading was there there were little 100K or over very large block transactions except a few toward the end of the day which were mainly sales. The trading in HWP has definitely changed. Many more very large blocks of 100K of more are showing up, includng periods of 300K block activity. After a gap up with some point gain on the backs of very large blocks purchases (300K or larger), there was a period of very large block selling (100K to 200K) at about 10:30 AM. So this would be the time the sellers would come out of the woodwork in order to sell into strength. There were other periods of selling like this during the day, but the periods of selling for the most part was short lived. At times the selling dried up and left very large block buyers that were more agressively stepping up to purchase the stock. Right at the end of the day there was another pop in the price of the stock on the backs of 300K and 400K transactions, like what happened in the morning, which ended up as a series of 300K changing hands, some coming in as sales and others as purchase driven transactions. I suspect this was going through the specialist. So there was a net accumulation of this stock during its breakout and runup with a reasonably good quality of buying particularly considering the down day. So this leaves us with IBM, CPQ, HWP, and GTW being accumulated by the funds, MSFT and INTC and COMS being participated in primarily by the public, and stocks like DELL attracting the "shoot'em up" public speculator along with the very speculative plays like the Internet stocks. Note that the stocks that are accumulated by the funds held well or advanced during this down market. IBM was the notable exception in this lineup of stocks which dipped and managed to close down only by 1/8. The quality of buying has not been there for IBM as it has been for the others so I am not surprised it did not show as much strength as the others did in this market. Meanwhile the stocks played with by the public went down with the exception of COMS that has been consolidating and has been in a trading range but with still a net distribution. DELL was another exception which bounced up for a 1 1/16 gain today. This stock is definitely one horse the speculators refuse to get off. Price went up on the backs of basically 1K to 2K and 30 to 500 share transactions. Bob Graham