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Non-Tech : Gehl Company -- Ignore unavailable to you. Want to Upgrade?


To: Marz who wrote (57)8/4/1998 11:48:00 PM
From: Marz  Read Replies (1) | Respond to of 97
 
Interesting action in Gehl over the past 3 days. Stock was holding up well in the face of severe market decline. Then volume picked up considerably with today's 91,000 shares the highest volume in over 2 months. Almost all of todays transactions crossed at 18 7/8 or 19. Then at the very end of the day, a couple of tiny trades crossed at 17 7/8. Makes the chart look real ugly when in reality it could have just as easily looked real good (given the bad day overall).

My hunch is that someone is definitely accumulating. Market makers moved the price down at the close to cause any nervous end of day chart watchers to panic into selling to their client at a bargain price ....I hope no one cooperates!!