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To: Robert Graham who wrote (13168)7/26/1998 3:57:00 PM
From: Robert Graham  Respond to of 42787
 
One correction to this post of mine. This stock opened on a gap down at 13.5, not 10. 10 is where I started to very closely watch the trading activity on this stock. So the stock went from 13.5 to 8 1/4 in one day. Someone made allot of money while others lost their shirt on this close to 40% drop. And this assumes they purchased at the previous bottom.

Sorry for the mistake.

My observations on a sell off of IFMX in a future post. The MM used a different but another common technique in managing the sell off of that stock.

Bob Graham