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To: bullmarket who wrote (2854)5/4/1998 4:15:00 PM
From: RocketMan  Respond to of 50264
 
All I've got to say is that this stock, this thread, and we investors, have absolutely huge cojones. Boys and girls together, metaphorically speaking.

<Rocketman, cooling off the engine for tomorrow>



To: bullmarket who wrote (2854)5/4/1998 4:38:00 PM
From: Richard B. Haenisch  Read Replies (4) | Respond to of 50264
 
FINAL TALLY !

16:00 EST

BID 7 7/8
ASK 8

TTL VOLUME 488,800

357,100 SHARES BOUGHT BETWEEN 7 3/32 AND 8
131,700 SHARES SOLD BETWEEN 7 7/8 AND 7 31/32

3:1 RATIO BUYS OVER SELLS

BIGGEST BUY 8,000 SHARES AT 8
BIGGEST SELL 10,000 SHARES AT 7 7/8

BIGGEST TRADES (BY VOLUME)

7 BUYS AND 3 SELLS (10,000 AND 5,500)

I AM SOO STEAMING MAD WITH THESE MM - FOR THOSE OF YOU WHO CAN SEE THE RANGE FOR THE DAY - THIS IS INSANE !

WE HAVE YET TO HAVE THIS KIND OF DIVERGENCE 293,600 BUYS AT $8 AND A TOTAL OF 104,700 SELLS WITH THE LAST 2 HOURS ONLY 12 count them 12 people sold anything and 94 buys at 8, YET THE STOCK ONLY ROSE 3/8 AFTER IT OPENED AT 7 31/32?
YEAH RIGHT!

IF YOU LOOK AT AT VOLUME WE ARE ABOUT 150K SHARES ABOVE THE USUAL TRADING VOLUME, WHICH PROBABLY MEANS WHAT EVERYONE IS SURMISING -

THE MM ARE RUNNING FOR COVER !!!

WE WILL SEE THE OPEN TOMORROW !

RICO



To: bullmarket who wrote (2854)5/4/1998 5:02:00 PM
From: LAWRENCE C.  Read Replies (1) | Respond to of 50264
 
Yes, lowering the ask would allow us to buy more shares per $.
Maybe the MM's that are short are trying to unwind their short positions but with more buying than selling I would think they would be digging themselves deeper in the hole.
Lucky Lawrence