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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (3056)	5/17/1998 1:01:00 PM
From: D. Chapman	Respond to of 4969

>>>Is it safe to assume that a pre-determined target price of $5.15 to $5.25 for exchange of block trades had been pre-established.<<< Yes any blocks of those size are usually negotiated transactions >>>>>Once the trades were complete, shares moved up $0.10. Is that an indication that once the block trades were out of the way, shares would then take normal course resulting from trading activity which in turn would be a rebound upward movement.<<<<<<< Yes often when a stock trades heavy blocks near a low, that means that the seller is being cleared out of the way. However, the seller can always re-emerge. >>>>All 3 blocks were internal - meaning buyer/seller were the same. Griffiths was responsible for 600,000 shares. This would appear on the surface to me that the house has sold shares and are distributing to their clients. Is that a good guess?<<<<<<<< I disagree. Since it was a negotiated transaction they are usually done at the firm who brought them together. These transactions could also be part of a reallocation of assets from one account to another. The transactions have to be publically reported since it is illegal to trade away.