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


To: E_K_S who wrote (1623)6/30/1998 4:55:00 PM
From: E_K_S  Read Replies (1) | Respond to of 1820
 
Again several large trades After the Close today totalling 76,700 shares all at $6 3/4! There were 15 trades after the close...two large blocks...one for 36,600 shares and another for 12,500 shares.

It is very interesting that the large trades in the past few days have all occurred After the Close. The after hours trades represent over 36% of today's volume 207,400 shares.

The OBV is still negative, so this indicates that we have a ways to go before we are over bought. Maybe we will hit $8 1/2 (200 day MA) before this is over.

EKS



To: E_K_S who wrote (1623)7/16/1998 7:23:00 PM
From: Baker  Read Replies (1) | Respond to of 1820
 
Eric, I just did a little checking - since I had nothing better than wonder when my Mylex stock is going to go up - on whether or not either of the after hours trades could have been buying by Mylex. I recalled that there was some timeframe when Mylex was prohibited from buying shares so as not to be considered doing "insider trading."

Anyhow, it appears that Mylex could not purchase shares one week before the quarter closes (so they would have had to exit the market June 20) and then wait until two (maybe three) days after the earnings are reported.

Anyhow, let's hope they were loading the truck up this past quarter as I'd hate to think we'll see these low prices again.