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To: Sonki who wrote (42640)5/16/1998 10:20:00 PM
From: Gary Wisdom  Respond to of 176387
 
Sonki, one more comment about the trading Friday.

I found two 561K trades go off at 11:41 AM. Boy, that must have put a big chill on the market. <ggg>

Then I looked at the trading in the last hour. HUGE trades going off the entire hour. Not 1/2 MM shares, but lots of 10K to 100K blocks going off.

Surprisingly, many of them went off between $89 3/4 and $90. <ggg>

It's amazing how crooked the market is. But, it's not for us to bitch and moan. It's for us to understand it and make money off the games.

The sheer number of small trades showed panicked little guys bailing before the sky fell in.

The number of huge buys at $90 +/- $.50 shows that everyone knew that the stock would close at $90, as early as 11:41 AM.

This was an incredible hose job. But, what else is new?