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To: R.STOCKS who wrote (262)5/14/1998 5:52:00 PM
From: M. Frank Greiffenstein  Read Replies (1) | Respond to of 2752
 
Ron, you have level 2?

Ron, was that 100K block at the ask or just above the best ask?

If it was just above the best ask and disappeared, that's called "whacking the ask". I believe its also called "fill or kill". The idea is to drive people out of stock so cheaper shares can be picked up.

Thoughts?

DocStone