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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: R Stevens who wrote (10685)	5/4/1998 5:33:00 PM
From: Marc Slovak	Respond to of 14631

They can trade amongst themselves directly on Instinet but I believe (I may be wrong) that the volume gets reported and would show up.

To: R Stevens who wrote (10685)	5/4/1998 6:02:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 14631

If funds were accumulating, their large block transactions no matter where they transacted, SOES or SNET or other ECN which includes Instinet, would show up on tape. 5K, 8K, 12K blocks are not large blocks. Just consider the price of this transaction: 10K at lets say $10 per share is $100,000. This is not a large block. The 44K block was a larger block, but still not what I would consider a "fund" sized block. This amounts to approximately 50K at $10 per share which is $500,000. For a stock priced like IFMX, this may not be institutional money. Institutional money take slices of several million dollars at one time when they are interested in accumulating a stock. So I would not even look at anything under 50K with this stock, and there would have to be a an ongoing pattern of more regular prints with this size before I would consider it significant. I would still rather see 100K block sizes before I can be convinced that there is good institutional interest in this stock. Just my opinion of course. Bob Graham