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

To: steve goldman who wrote (3287)	6/16/1998 8:06:00 PM
From: dpl	Respond to of 4969

> But also feel that even more important is to look at bad trades and traders and dissect where they went wrong, where they could have minimized losses or protected profits, etc< One does learn more from their mistakes.At least I do. :-)

To: steve goldman who wrote (3287)	6/16/1998 8:34:00 PM
From: Kevin Hamlin	Read Replies (3) \| Respond to of 4969

A question for you Steve (and others!). Thanks for taking the time to answer. Today a mining company, which usually does about 100,000-200,000 shares a day goes a little crazy and churns just over 3,000,000 in a very tight range between 5.10 and 5.20...no more, no less. The majority of trades are crosses of 50,000-200,000 shares, mostly from one house to the same house. These crosses continue throughout the day. There's really only 4 houses involved. House A buys a total 1.3 million, sells 900,000 House B buys a total of 263,000 and sells 150,000 House C buys a total of 406,000 and sells 341,000 House D buys a total of 247,000 and sells 202,000 My questions are these: 1) Is this "typical" of anything? 2) Why the incredibly tight trading range? 3) Is this a signal of something still to come? 4) Why today? Was this "coordinated" some how? Thanks for your help. Kevin