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 : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Nazbuster who wrote (48435)	6/9/1998 10:04:00 AM
From: Darren	Respond to of 61433

Since the index funds have to take a position and the shorts might be getting nervous, I can't imagine they'll just walk up to the counter and plunk down immense $$ under public scrutiny. How do very large blocks get purchased without significantly influencing the price? Well, one reason GSCO was probably selling everything in sight this morning is because they a) have clients who want to go long, b) want to go long themselves, or c) are selling the shares they already have to shorts. If a MM wants to shield his intentions, he will use a) an ECN, b) INCA (Instinet), c) trade directly with other MM's during slow market hours. The overbought condition at open is pretty typical; now we should find out if it has the "umph" to get past 50...the big thing is that even MM's can't move a fast market, with the exception of GSCO, who can do just about whatever he wants and get away with it. S&P Futures are horizontal again, just like yesterday. The stock will have to move on it's own...