Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Glenn McDougall who wrote (4615)	5/21/1998 4:24:00 PM
From: Brett Nelson	Respond to of 18016

Some large trades came through late in the day (around 200K shares in the last hour, or 20% of the day's total volume): Time........Price Change.......Volume 2:55..........-1 7/8...........819.7K 3:38..........-1 3/4...........920.2K 3:52..........-1 3/8...........975.9K 4:00..........-1 1/4.........1,016.3K The lion's share of the last 40K shares was purchased at market (or the ask) evidenced by the ask rising from 27 7/8 at 3:52 to 28 1/8 at the close. I am not one of these market maker conspiracy theorists but how many times have you seen analysts use their upgrades to get clients out near the top and their downgrades to cheapen a stock for their clients. Afterall, this analyst did just start a new job; what better way to ingratiate yourself than to get your new clients into a good stock cheap. Wait, I am starting to sound like a conspiracy theorist...