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To: Raymond M. Barr who wrote (199)6/6/1998 5:25:00 PM
From: Gone Bonkers  Respond to of 508
 
Must have been day traders jumping out.



To: Raymond M. Barr who wrote (199)6/6/1998 7:15:00 PM
From: Andrew H  Respond to of 508
 
A lot of people were buying in earlier this week in the .80s and probably took some profits before the weekend. They say nothing goes straight up. Also notice that the drop occurred on relatively little volume. Let's see what happens on Monday and Tueday and where the stock is by next Friday at the close.



To: Raymond M. Barr who wrote (199)6/6/1998 7:57:00 PM
From: BigWave Dave  Read Replies (2) | Respond to of 508
 
Read Patricks 2:45pm post, #196. He points out that the MM's were moving there bids around so they could get the Sell's. Good indication that the MM's were short. Spread tightened to 1.30x1.31. Then all of a sudden they started dropping the ASK, quickly. Sure enough the sells came flooding in. Well not exactly a flood, they were all pretty small blocks, see below.

I knew there might be a share shortage when I tried to add a measly 1200 shares on Thursday. I could only get a partial fill, one for 500, and 700 about five minutes later. Never saw that on a BB trade of that size before.

A little buying on Monday, and it should take off. Lots of people watching this one also.

Time and Sales Friday 3pm-4pm
25 Sells, total 45400, avg size 1816
4 Buys, total 4500, avg size 1125



To: Raymond M. Barr who wrote (199)6/7/1998 12:41:00 AM
From: Warlock  Respond to of 508
 
The others have responded quite well. In my opinion, drop was overdone. It occured on very light selling. MM's used this as a shake down in order to pick up shares. The day-traders got out after the news (buy on rumor, sell on news). They don't realize the major stuff in the works. . .
I anticipate a much higher closing price by the end of next week. . .

Patrick