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To: Hightechhooper who wrote (13537)7/15/1998 1:39:00 PM
From: Jock Hutchinson  Respond to of 25814
 
K: Right now I have got LSI up a point at 1500 shares bid by 3200 shares ask. Where does this translate into large blocks?



To: Hightechhooper who wrote (13537)7/15/1998 1:46:00 PM
From: Jock Hutchinson  Read Replies (2) | Respond to of 25814
 
Heavy selling into the move and
large blocks offered at the bid do not bode
well for this move to hold.

K: I know this might come as a surprise to a supposedly experienced trader such as yourself, but large blocks at the bid means that there is support for a stock--i.e. demand. You have it the opposite of the way it should be. When there are large blocks at the ask, with very little at the bid, then there is a lack of support.


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